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

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 »

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 »

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 »

What is the difference between a charge card and a credit card?

Using credit is a fact of modern life, but there are many different kinds of credit and each functions a bit differently. For example, most people do not realize that there is a difference between ... Read More »