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Minimum Finance Charge?

Contributor

Minimum Finance Charge?

I was looking at the fine print. No annual fee, but what's this $1.00 minimum finance charge. Do I have a monthly fee? Or do I get charge at least 1.00 for carrying a balance. A bit confused. I figure if I have a bunch of cards that could add up.
5/08 EQ 696.....9/13 EQ 796.....9/17 EX 824, EQ 843
Amex Blue Cash 15K || PenFed Cash Rewards 18K || Chase Freedom 12K || Cap1 Quicksilver 15K || Amazon Prime 3.8K || Citi Double Cash 10.8K
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Super Contributor

Re: Minimum Finance Charge?

Normally that means that IF you carry a balance and incur a finance charge, the minimum that they will charge you is $1.00

 

If you DO NOT incur a finance charge it will be zero

The slide from grace is really more like gliding
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But to find a graceful way of staying slid
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