Credit Card Glossary
Adjusted Balance
This is a way of determining how your credit card’s interest rate is applied to your account so that you can be charged. The Adjust Balance method of calculating your monthly finance charges is thought to be most favorable to the customer.
An adjusted balance is configured by taking the finance charges from your previous month’s balance, adding any new charges you have made since the last statement, subtracting the amount of any payments you have made and the multiplying your number by your monthly interest rate.