What is a finance charge?
The Bankrate.com financial term of the day is: "finance charge."
The finance charge is what they charge you to pay for things with your plastic. It's a monthly assessment of credit card interest costs and other fees that shows up on your card statement, and it's calculated using the card balance and the APR, or annual percentage rate. A credit card may have more than one finance charge: for example, a finance charge for purchases and a separate one for cash advances. You might avoid finance charges by paying off your balance in full each month.
The finance charge is one of the ways you pay for the privilege of using a credit card.
To find a credit card that has what you're looking for, visit the credit cards section at Bankrate.com.
Do you want your kids to be smart about money? Follow these tips to get them started.
You don't need to spend big when dining out. Follow these tips to save at a restaurant.
Lengthen the life of your food and broaden your budget with proper food preservation.
Trim the fat around your grocery budget with these money-saving tips.
Do you remember the last time you visited your bank branch?
Can a couple find common ground when it comes to debt?
Follow this 6-month homeowner countdown so you are ready come closing day.
Pay attention to fees on prepaid cards because in most cases you can avoid them.
Sleep better at night knowing you have extra money tucked away for unplanned expenses.
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused. We do not permit the inclusion of hyperlinks in comments and may remove any comment that includes a hyperlink.
A little research could save you BIG on interest.
AAA Travel projects that 34.7 million Americans will travel more than 50 miles from home this Labor Day weekend, the highest volume since before the 2008 recession.
... Read more