Definitions for "FINANCE CHARGES"
The total of all costs a consumer must pay to obtain credit; may be called interest, service or carrying charges. see "late payment charges"
The amount you are charged to use credit. Back to Glossary Index
are all interest charges, any transaction fees, and any other fees combined. The sum of all finance charges is your cost of borrowing money from the credit card issuer. Your monthly account statement, Customer Agreement, and/or Disclosure Statement describe how finance (interest) charges are calculated by your credit card issuer.
Amounts paid for the privilege of making purchases on a deferred-payment basis.