Name: Cele . Gender: Female . Usage: Cele, of latin origin, is not a popular first name. It is more often used as a girl (female) name. People having the name Cele appear to be originating from all over the world. Variants: For another variant of the name Cele across the world, see Cecilia.
Most credit card companies base the finance charge on the outstanding or average daily balance. That means the finance charge will be different depending on the length of the billing cycle and when during that billing cycle the payment is received. This calculator assumes the payment is made halfway through the monthly billing cycle.
Your August transaction log looks like this: How to calculate your average daily balance. Notice that the payment is made on the 26, which lowers your balance due by $100. Notice for the billing cycle that you had 27 days with a balance of $1,000.00 and 4 days with a balance of $900.00.As you can tell from this example, there are 31 days in the billing cycle.Your average daily balance is $987.10, which is calculated by adding up the balance for each day and dividing by the number of days in the billing cycle.n the two-cycle card, your final payment would have been $561.43 and you would still owe an additional $8.60 in unpaid interest, bringing your total interest paid to $70.03 (a WHOLE $1.02 MORE than the single-cycle card).