For borrowers who carry a balance on their credit cards, which of the following methods essentially gives the consumer free credit from the date of purchase until the beginning of the next billing cycle?

A. Average daily balance method with a grace period.

B. Average daily balance method without a grace period.

C. Previous balance method.

D. None of the above. 

Answer rating: 100% (QA)

The detailed answer for the above question is provided below B Average daily balance method without ... View the full answer