Blog Posts - Daily Balance



2.2. Balance Computation Methods

 Average Daily Balance. This is the most common calculation method. It credits your account from the day the issuer receives your payment. To figure the balance due, the issuer totals the beginning balance for each day in the billing period and subt...
by Credit Cards 4U on Aug 30, 2009

1.1. How credit cards work

 Credit cards are issued after an account has been approved by the credit provider, after which cardholders can use it to make purchases at merchants accepting that card.When a purchase is made, the credit card user agrees to pay the card issuer. Th...
by Credit Cards 4U on Aug 27, 2009


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