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.
22 people found this helpful. The bank president was pleased that the average daily balance on the bank's accounts had increased over the previous month. 19 people found this helpful. The credit card company said that the interest would be calculated based on the average daily balance. Therefore, they averaged what your card balance was throughout the cycle, to charge interest.