What Is a Finance Charge, and How Do I Avoid Paying One?
If you're savvy, you can avoid credit card finance charges entirely.
If you pay off your statement balance completely during a grace period, you could dodge interest charges altogether. (Getty Images)
Borrowing money typically costs money, and credit cards are no exception. One of the advantages of having a credit card is that you don't have to pay off your balance each month. But that perk comes at a price, called a finance charge.
Here's what you need to know about credit card finance charges, how they're calculated and what you can do to avoid them.
How Credit Card Finance Charges Work
This includes McKinsey, the consultancy that kick-started its secretive leadership election process in October with a gathering of more than 500 senior partners at the Grosvenor House Hotel in London. The next stage involves the firm’s 550 senior partners voting on a shortlist of candidates to replace Dominic Barton — the incumbent since 2009 — in January, followed by a run-off between the two most popular candidates in February.
Carrying a balance. If you don't pay your balance in full by the due date each month and there is no promotional 0% APR period, you will incur a finance charge based on your card's APR and the remaining balance.
Generally, credit cards require relatively low minimum payments compared with balances. While some credit card issuers include interest charges in the minimum payment, others just charge a flat percentage. "If this minimum is less than the accrued interest," says James Philpot, certified financial planner and associate professor in the department of finance and general business at Missouri State University, "you will effectively be borrowing more money from your card issuer in order to pay interest."
Transferring a balance. If you transfer a balance from one card to another, you may incur a finance charge in the form of a balance transfer fee. You may also pay interest on the balance unless the card has an introductory 0% APR balance transfer promotion. Check the card's terms before you submit your request.
Requesting a cash advance. If you use your credit card to get cash from an ATM, interest will start accruing immediately from the date of the transaction, with no grace period. The APR for credit card cash advances is often higher than the APR for purchases.
Making a foreign transaction. A foreign transaction on your credit card, whether in a foreign country or currency, can incur a foreign transaction fee. This fee is typically about 3 percent of the transaction.
How Credit Card Companies Calculate Finance Charges
Are you a Type D personality? Test reveals how the little-known character type is so good at bottling up emotions that even they don't realize they're lonely and anxious.
尽管英国商学院的排名平均上升了两位，但法国商学院的排名平均下降了一位——法国是商学院数量最多的欧洲国家。里昂商学院(EMLyon Business School)由于跌出MBA榜单之外，整体排名下降了15位，同时北方高等商学院(Edhec Business School)由于未能进入EMBA榜单，整体排名下降了8位。
Having longer does not seem to make it easier, however. Proper time management is essential in order to maintain the momentum. “A couple of obligatory projects would help keep the pace and avoid a very intense last quarter,” commented one graduate from Warwick Business School. Overall, the graduates from the class of 2012 took slightly longer than 2.5 years to graduate.
9.Use One Planner
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4. "The Big Bang Theory" (3.4 million)
"Quality supervision authorities at all levels must intensify quality supervision and keep cracking down on law violations to improve the quality of products and protect consumers' rights," said Mei Kebao, deputy head of the administration.
Note, however, that some credit card issuers compound interest on a daily basis, so your calculation may be even more complicated than this one.
How to Avoid Paying Credit Card Finance Charges
Facebook CEO Mark Zuckerberg
Take advantage of your grace period. Most credit cards offer a grace period on purchases. If your credit card has one, it typically runs from the end of your billing cycle to your payment due date. By law, you must receive your credit card bill at least 21 days before it is due.
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Rose McGowan accused producer Harvey Weinstein of rape this time last year, sparking an avalanche of allegations in the entertainment industry and beyond.
“As we work to keep and attract more young professionals and job creators, we appreciate every young person who is engaged and invested in our state.”
有5个项目首次登上“无工作经验要求”项目排行榜。其中，排名最高的是新加坡管理大学(Singapore Management University)李光前商学院(Lee Kong Chian School of Business)。该学院在毕业生国际流动性方面排名第二，而且是首所同时登上“无工作经验要求”和“有工作经验要求”排行榜的学院。
It was the fastest growth rate among the top 10 countries on the EPO's patent-filing league table.
This includes ‘qwerty,’ in fourth place, ‘admin,’ in 11th, and ‘login’, in 14th.
Use a 0% APR promotion. Some credit cards offer an introductory 0% APR promotion to new cardholders, waiving interest charges on purchases, balance transfers or both transactions for a set period.
They also arrived 40 minutes late for the official welcome and were running late to an event in Vancouver, too.
The committee *bestowed the award upon Yoshinori Ohsumi of the Tokyo Institute of Technology, for his research on *autophagy, which is a self-eating process seen in cells.
US billionaires hold 540 spots on the list, more than any other country in the world. In second is China with 251 and German with 120.
We will work to ensure that our people have access to equitable and quality education.
1.Fingers That Store Digital Files
Effective bosses and managers tend to:
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Forgo certain activities. Because many cards charge fees for balance transfers, cash advances and foreign purchases, consider refraining from these activities, or try to find a card that waives these fees.
Some balance transfer credit cards, for instance, will waive the balance transfer fee for new cardholders for a short period. Also, many travel credit cards don't charge a foreign transaction fee.
Always Read the Fine Print
在波尔多足球场外，一个欢闹的视频中摇摆的人群对着一名笑着的年轻女子大唱“Can’t Take My Eyes Off You and Hey Baby”。
“Domestic demand expanded at a sluggish pace while new export order growth eased to a five-month low ... We continue to expect further monetary and fiscal easing measures to offset downside risks to growth.”
13. “Girlhood” (Céline Sciamma)
Taken alongside data released in the past few days, and it doesn't make things easier. The country is still struggling with deflation and household spending slumped last month. But retail sales data released this morning topped estimates.
Among French schools, Toulouse Business School made the best progress, up 14 places, after featuring in the Executive MBA ranking for the first time.
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最佳喜剧类导演：吉尔?苏洛威(Jill Soloway)，《透明家庭》，“地上的人” (Transparent, "Man on the Land")
James Bond Themes Honorable Mention: "Surrender" by K.D. Lang