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Adjusted balance

A less-common method for calculating monthly interest charges which favors the cardholder more than the bank-preferred "average daily balance" method. The balance is determined by subtracting payments or credits received during the current billing period from the balance at the end of the previous billing period. Purchases for the current billing period are not factored into the calculation. This way cardholders have until the end of the billing cycle to pay off portions of their balance and avoid paying interest charges on those amounts.


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