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What else can I help you with?
The dollar amount that is paid for the credit?
finance charge
What is The dollar amount you pay to use credit?
Finance Charge
What is the total dollar amount a person pays to use credit?
finance charge
Calculate the finance charge on a credit card balance of 3299.19 at a monthly rate of 1.2.?
To calculate the finance charge, multiply the credit card balance by the monthly interest rate. For a balance of $3,299.19 at a monthly rate of 1.2% (0.012), the finance charge is: Finance Charge = $3,299.19 × 0.012 = $39.59. Therefore, the finance charge for that month is approximately $39.59.
What 3 factors determine the amount you pay in 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.
Is there a minimum finance charge on either of the major credit cards?
No
What is done with the finance charge assessed by a credit company?
added to the balance
How is finance charge calculated?
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.
What is maximum amount you can charge on a credit is called?
your credit limit
What is the maximum amount you can charge on a credit card?
Credit Limit
What is done with the finance charge assessed by a credit card company?
added to the balance
What is done with the finance charge done by a credit card company?
added to the balance
