Average Daily Balance Calculator
Average Daily Balance Calculator for Credit Cards
I have received a lot of questions about what the daily average balance is and how it is calculated. To answer the first question, the daily average balance is defined as the average of your balance during the billing cycle. To calculate the credit card average daily balance, you simply take the total balance at the end of each day of the billing cycle, then divide by the number of days.
I figured I’d make it a bit easier for all my visitors and create an online average daily balance calculator, located to the right.
Read my related article: How to Calculate Average Daily Balance
Read another related article: How Credit Card Interest is Calculated
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