Definitions for "finance charge"
Any charge for credit.
The total cost of using credit. Besides interest charges, the finance charge may include other costs such as cash-advance fees.
The total cost of credit a customer must pay on a consumer loan, including interest.
A type of interest rate that is fixed and will not change in relation to other fluctuations in other indexes. If the fixed interest rate is 9.5%, it will not change for the time period agreed between the cardholder and the account issuer.