What Exactly Is A Finance Charge, And Under What Circumstances Will I Need To Pay One?

October 12th, 2009 at 12:19am Under Finance

Pretty much exactly what the main question says. I have no idea what a “finance charge” is. For instance, would I be charged a finance charge if I charged a purchase, and then paid the balance immediately?
Any additional information that could be given would be great, as I’m considering getting my first credit card, and want to know everything I can so that I don’t get myself into trouble.

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