Which method of figuring your finance charge on your credit card is calculated by taking the payments or credits received during the current billing period and subtracting them from the balance at the end of the previous billing period?

Question

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The adjusted balance method calculates the finance charge based on the balance at the end of the previous billing period minus any payments or credits received during the current billing period. This method is advantageous for cardholders who make payments during the billing cycle because it takes into account the reduced balance due to those payments, resulting in a lower finance charge.

Which Method of Figuring Your Finance Charge on Your Credit