For the distributions you mention:
On CentOS 5.4 (Should be same for RHEL5)
grep run-parts /etc/crontab01 * * * * root run-parts /etc/cron.hourly02 4 * * * root run-parts /etc/cron.daily22 4 * * 0 root run-parts /etc/cron.weekly42 4 1 * * root run-parts /etc/cron.monthly
So cron.daily runs at 04:02am.
Same on CentOS 4.8