How do I calculate my credit card finance charge?
I have $1,145 dollars on the card with an interest rate of 8.9%. What is the formula to calculate what my finance charge would be on that month? I am horrible at math, when I did it it came out to around $90 and if that is right then I will just take the money out of savings and pay it all off.
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Comment by rcarterang2006
You statement should tell you exactly what your finance charge is so you don’t have to play the guessing game.
Posted on August 23, 2010 at 5:00 am
Comment by B2B 8/30/08!!!
I got 101.90…. but if you charge anything new it will have finance charges next month…. or if you dont pay it on time again it will charge you
Posted on August 23, 2010 at 5:24 am