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Credit Card Finance Charges Defined |
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 If a consumer carries a balance on their credit card beyond a single billing cycle, they will be charged for it. This is called a finance charge and is associated with the APR on the consumer’s account. The amount charged will be affected by the card’s APR, how the card was used, and how much was charged. It is important to know that rates, even on Low Interest Credit Cards, vary according to how a credit card is used, so a new purchase will have a different APR than a cash advance or balance transfer. Read full article »
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