What is a finance charge on my credit card?

Answer A finance charge is any fee added to the charged balance of a credit card. This could include interest fees, service charges, late fees and fees incurred for balance ... Read More »

Top Q&A For: What is a finance charge on my credit card

Do I have to pay a finance charge if I pay my credit card in full?

Credit-card terms are outlined in a disclosure provided in accordance with the Truth in Lending Act. Typically, a grace period of 21 to 25 days exists from the time the statement is issued. As long... Read More »

How to Calculate the Finance Charge on a Credit Card Balance?

With so many consumers using credit cards today, it is important to know exactly what you are paying in finance charges and how to calculate them. Different credit card companies use different meth... Read More »

Is it standard practice to charge credit card fees when paying by credit card?

While some businesses charge a fee when customers pay by credit card, it is against their merchant agreement with the credit card company, such as Visa or MasterCard. If you encounter a company th... Read More »

Understanding Credit Card's Finance Charges?

Credit card finance charges are the costs you incur as part of your agreement to borrow money through your credit card. Finance charges are shown on your monthly statement, which specifies a minimu... Read More »