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Finance Charges

  1. Press: Credit card reform has companies treading lightly on campus
    Credit card reform came too late for 20-year-old Tamaira Shaw. The junior at the University of the District of Columbia got a preapproved credit card from Bank of America in the mail her freshman year…
  2. Helpdesk: Cost of carrying a balance
    If you don’t pay off your credit card balance in full at the end of the billing cycle (when you receive your statement), you will have to pay finance charges. How much you will ultimately…
  3. Helpdesk: Minimum credit card payment calculation
    Most credit card companies require a minimum monthly payment of between 2% and 4% of the account balance. For example, if your card issuer requires 3% and you owe $800 this month, your minimum payment…
 

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