Average Daily Balance | Glossary | BestCreditCardRates.com

Credit Cards
National Average: 12.2% rate up

Rewards Cards
National Average: 14.8% rate even

Calculators

How Long will it take to pay off my credit card(s)

go to calculators

Search Credit Cards

By Credit Quality

Excellent Credit
Good Credit
Fair Credit
Bad Credit
No Credit History

by Issuer

Advanta
American DreamCard
American Express
Chase
Discover
Horizon Gold
IBERIABANK
New Millennium Bank
OPE
Pulaski Bank
Washington Mutual

Average Daily Balance

This is a measure of the average balance for each day in the billing cycle. The most common calculation is to simply all of the daily balances and divide that sum by the number of days in the billing cycle.