No. of Recommendations: 0
Ranked in order of greatest benifit.

$500 on first day of billing cycle
$250 on on first and 15th day of billing cycle
$125 a week starting on the first day of billing cycle
$500 on last day of billing cycle (the due date)

In each case what was paid during the month was $500, but by paying the $500 on the first day of the cycle you reduced the average daily balance for the whole month. For these calculation I assumed a 30 day billing cycle, and what the balance is at the end of the day.

A B C D
0 Days at balance Balance
1
2 500 on 1st
3 30 0.00 0.00
4 Average Daily Balance 0.00
5
6 $250 on 1st and 15th
7 14 250.00 3500.00
8 16 0.00 0.00
9 Average Daily Balance 116.67
10
11 $125 on 1st, 8th, 15th, and 22nd
12 7 375.00 2625.00
13 7 250.00 1750.00
14 7 125.00 875.00
15 9 0.00 0.00
16 Average Daily Balance 175.00
17
18 $500 on last day
19 29 500.00 14500.00
20 1 0.0 0.00
21 Average Daily Balance 483.33<

~~paul
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