Reported 2 days ago
The adjusted balance is a key method used by credit card issuers to calculate interest on your outstanding balance, taking into account payments and credits made during the billing cycle. This method allows cardholders to have some leeway for new purchases since current charges are not included in the adjusted balance. As a result, it often leads to lower finance charges compared to other methods, making it beneficial for those looking to manage their debt and interest payments effectively.
Source: YAHOO