What does finance charge mean?

Cindy's answer: This is a charge for processing the transaction. Often these charges are hidden or in small print so you are wise to ask about finance charges as you may be able to avoid them if you use another bank or company

Sally's answer: A finance charge is interest and other miscellaneous charges on credit cards. There are new laws in effect this February that will eliminate the hidden charges and rates that suddenly change during a cycle. Call your credit card company to find out about your card.

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