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.
This is a little different from average daily balance, and more insidious. Consider: You have an annual rate of 13 percent on your credit card. Daily interest is 0.0003561 percent. Some credit cards will charge you interest at that rate each day. It may seem like a small amount, but being charged each day can add up, since the daily charges are added to your balance for the next day, and then interest is charged on the whole.