Calculate Finance Charge On Credit Card
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Charge card - A charge card is similar to a credit card, except that the charges made to it must be paid-off each month, rather than having revolving credit which carries a balance forward. Many people are not aware of this distinction however, and often interchangeably use "charge card" to describe any card which can be used as payment, or "credit card" for any credit or charge card.
Finance charge - In American law, a finance charge is any fee or charge representing the cost of credit, or the cost of borrowing. It includes not only interest but other charges as well, such as transaction fees.
Credit (finance) - Credit as a financial term, used in such terms as credit card, refers to the granting of a loan and the creation of debt. Any movement of financial capital is normally quite dependent on credit, which in turn is dependent on the reputation or creditworthiness of the entity which takes responsibility for the funds.
Credit card fraud - Credit card fraud is one of many forms of fraud involving credit cards, charge cards, debit cards, or prepaid cards.
calculatefinancechargeoncreditcard
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