How Your Balance Is Calculated
Another important thing to keep in mind is the way banks calculate your balance on the card. There are several computational methods, and banks usually use those that are not in the debtor’s favor.
Here are the most popular ones:
Average Daily Balances Including New Transactions
Using this method, banks add up your balance […]

How do I calculate apr rates on credit cards? Well … It depends on what your intention is. You might want to try using one of the calculators on the web, or even this one on creditcardswise.com. However, I would recommend reading this article to the end, getting to know simple principles behind the credit […]