Charging the previous balance
Charging the previous balance
228.54
$2.99
$284.39
$284.39
Charging the previous balance
Which type of finance calculation is prohibited by law: 1. Average Daily Balance 2. Adjusted Balance 3. Previous Balance 4. Two-cycle Balance
Calculate the average balance and finance charge
228.54
$2.99
$284.39
$284.39
The finance charge calculation method for Mastercard typically involves the average daily balance method. This method calculates the average balance over the billing cycle and applies the annual percentage rate (APR) to determine the finance charge. The finance charge can also consider any new purchases, payments, and previous balances. It's important to review the specific terms provided by your card issuer, as they may vary.
583.53
583.53
583.53
583.53