When scanning your credit card statement, you may spot various fees. Any fee a card issuer charges a cardmember is a finance charge. According to the Consumer Financial Protection Bureau, a finance charge is the cost of consumer credit as a dollar amount. Finance charges can differ from one credit card issuer to the next and can vary based on the type of credit card you have and how you use it.

What is a Finance Charge on a Credit Card?
5 min read
Last Updated: March 10, 2024
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