Which method for calculating a credit card balance does not take into account the purchases made during the current billing cycle but does not take into account the payment made during the current billing cycle

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Cohen Henry

28 February, 12:08

Which method for calculating a credit card balance does not take into account the purchases made during the current billing cycle but does not take into account the payment made during the current billing cycle

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Answers (2)

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Madden Rodriguez · Answer 1

Adjusted Balance method

Explanation:

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Slick · Answer 2

The adjusted billing method. When a company uses the adjusted billing method they use they use the items from the previous billing cycle to calculate finance charges. This gives a grace period to purchased made during the current billing cycle.