minimum
finance charge
Finance Charge
finance charge
The three factors that determine the amount you pay in finance charge are the annual percentage rate (APR), the outstanding balance on the loan or credit card, and the length of time the balance is held. A higher APR, larger balance, and longer duration will result in higher finance charges.
No
added to the balance
Finance charges are applied to credit card balances that aren't paid before the grace period. Different credit cards calculate finance charges in different ways.
your credit limit
Credit Limit
added to the balance
added to the balance
Minimum Finance charges have nothing to do with MasterCard and everything to do with your Financial Institution. Example of Financial Institution "US Bank". Any Credit Card, regardless of type, is going to have a minimum finance charge. You can find out how much the charge is by reading your Card member agreement. You can avoid interest or the minimum finance charge by paying the full balance on you credit card bill.