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.
That extra payment will shrink your average daily balance and, in turn, your interest. Say you have a $2,000 balance and will have $1,000 to put toward your credit card bill. If you paid $1,000 on the 20th day of a 30-day billing period, your average daily balance would be about $1,633. But if you paid $500 on Day 10 and $500 on Day 20, your average daily balance would be $1,467. Youâd reduce your interest charge by about 10% Depending on your card, you might have different APRs for different kinds of transactions, such as purchases, balance transfers and cash advances.