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
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
One such development is 60 Water Street in Dumbo, a 290-unit rental with a 24-hour concierge and a roof deck offering Manhattan views. Leasing begins next month, with rent for a two-bedroom starting at a jaw-dropping $6,018 a month. “People want that condo-like living, even though they’re renting and not owning,” said Jodi Ann Stasse, the managing director of new developments for Citi Habitats.
“I am proud of my position as a boss, as a person that runs my own company,” Perry told FORBES for our Celebrity 100 cover story this past summer. “I’m an entrepreneur. … I don’t want to shy away from it. I actually want to kind of grab it by its b---s.”
Earlier on Tuesday Mr Rutte had issued a call for calm in the dispute with Turkey.
东道主的对手阿根廷队在此次世界杯中也有很大的机会。一支以梅西为主的队伍都会在最后大放异彩，但是当你在队伍中增添类似塞尔吉奥·阿奎罗（Sergio Aguero）、冈萨罗·伊瓜因（Gonzalo Higuan）和埃泽奎尔·拉维奇（Ezequiel Lavezzi）这样的队员的话，那么它将是这届世界杯上最具有进攻打法的球队了。同理，乌拉圭的进攻三人组——路易斯·苏亚雷斯（Luis Suarez）、埃丁森·卡瓦尼（Edinson Cavani）以及迪亚戈·弗兰(Diegol Forlan)同样拥有同等的实力，能对世界上任何一支球队比赛时进球，不过，他们所在队伍中其他人的实力是否足够强还让人存疑。
But what will politicians actually do While President Trump is focused on bringing back traditional manufacturing jobs to America, different US states are experimenting with other policies to help low-paid precarious workers. These range from sharply higher minimum wages to new rules to stop employers changing staff schedules at the last minute.
8. Am I playing too hard? A lack of motivation to accomplish certain things can throw you off balance or make you feel stressed out and pressured later on. Taking breaks is very necessary, but if you take so many breaks that your productivity level drops, or you get into the habit of procrastinating too much, it might be time to balance out your schedule so that you will get a generous amount of things done and still have time for breaks and leisure.
Chinese mainland is home to two of the top three universities in Asia, according to research published last Thursday by the Times Higher Education (THE).
That an iPhone mini and a LTE license from the Chinese government this year or next could finally persuade China Mobile (CHL), with 700 million subscribers, to cut a deal with Apple.
Marvel created superhero Blue Ear, who wears a hearing aid, after a little boy refused to wear one because "superheroes don’t wear hearing aids".
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
China's economy grew last month, according to a closely-monitored PMI series - which indicated growth for the first time in four months.
SAN ANTONIO DEL TACHIRA Venezuela (AP) — More than 100000 Venezuelans some of whom drove through the night in caravans crossed into Colombia over the weekend to hunt for food and medicine that are in short supply at home.
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.
For parents, it is always a struggle to carry their children all day long, especially when they’re getting bigger and heavier.
The number of moviegoers in 2016 reached 1.37 billion, an increase of nearly 8.9 percent year-on-year.
"The online Internet anti-corruption bid mostly relies on text, photos and videos and it is easy to be superficial if corrupt officials are only exposed this way."
Information technology was the third largest sector with 18 brands shortlisted. The total value of listed IT brands accounted for 22.5 percent of the list. Average value increased 10 percent. Beijing is the preferred headquarters location for the IT sector, and 12 listed IT brands set their headquarters there.
3. 丹·韦斯(Dan Weiss)，《14》，Pi Recordings。《14》的内容如此丰富，整张专辑的作曲由鼓手丹·韦斯一手包办：细节丰富的室内乐，前卫的啸叫，新音乐无词人声与北印度音乐。相比这个宏大的音乐参照系，更令人印象深刻的是，韦斯集结了12名同行乐手，把所有音乐元素融汇为流畅的整体。
Dachis says: Zynga struggled to maintain its momentum and diversify its business in 2012. The difficult year was evident in reduced brand discussion and an increase in negativity from product shutdowns that leave the game company with a lot of work to do in 2013.
Just as shocking was the 59 percent rise in whooping cough, a disease that was all but wiped out more than half a century ago by comprehensive immunisation programs.
We will strengthen our capability for making technological innovations.
Last year, Islamic State militants seized 49 Turkish hostages from Turkey's consulate in Mosul and held them for more than three months before releasing the group. Those hostages included diplomats, soldiers and children.
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.
James Bond Themes 3. "Skyfall" by Adele
On Her Majesty's Secret Service gets an honorable mention on our list of James Bond Theme songs.
Recipient: Kim Kardashian
2013 Rank: 3
Read:Best Rewards Credit Cards. ]
The fact is that I really don't careabout the popularity and also really focus on my work. Every time I alwaysfocus on how best to proceed with the next scene. My focus is on the action andstory, never the popularity.
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
The show’s sense of humor remains keen without relying on nudity, swearing and sexting. This gives the show a refreshing aura in an age where shows are constantly trying to push the envelope in terms of racy content.
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摩根士丹利的分析师乔纳斯认为，Model X的销量将会更加可观，但不是由于它的燃油经济性，而是它升级后的信息娱乐系统，以及独特的“鹰翼”式后车门。他还表示，如果Model X没有赢得所有的年度车型大奖，他会非常失望。他并不是唯一一个这样想的人。埃隆o穆斯克和其他很多祈祷特斯拉继续保持当前势头的人当然也会这样想。（财富中文网）