Minimum Finance Charge financial definition of Minimum Finance Charge. Minimum Finance Charge finance term by the Free Online Dictionary.

Minimum Finance Charge

A fee on some credit cards that one must pay each billing period unless charges to the credit card for that billing period exceed it. For example, suppose the minimum finance charge is $1 per month. If one does not use the credit card for the month, one must still pay the credit card company $1. On the other hand, if one charges $10 to the card for the month, the minimum finance charge is waived and one must only pay the $10 (plus any applicable interest).

Minimum finance charge. A minimum finance charge is a fee collected by a credit card issuer each billing period. It applies when the actual finance charge you owe isn't equal to or larger than this minimum.

For example, if the minimum finance charge is 50 cents, and you owe $5 in finance charges, the minimum would not apply. But if you had no other finance charges, you'd owe the 50 cents.

Not all issuers impose a minimum finance charge, so if you regularly pay your bill in full and on time, you may prefer an issuer who does not charge this fee.

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
grace period	Wells Fargo''s prime rate card will charge you $2 a month in minimum finance charges if you do not have a balance on the card Hidden Credit Card Fees by Sharon Chennault / Finance and Investment community This type of credit card for poor credit applicants works much like a debit card to a checking or savings account except balances left on the credit card are charged a monthly fee based on an annual percentage rate; these balances are also subject to minimum finance charges. Solutions for Obtaining A Credit Card with Poor Credit by Monica Washington / Finance and Investment community It is also important that you understand that some companies will have a minimum finance charge system. How Are Finance Charges Calculated? by Peter Kenny / Finance and Investment community	mill Mill Rate Millennial Miller and Modigliani's Irrelevance Proposition Miller, Merton Miller-Tydings Fair Trade Act Millieme Millime Milline Rate Million Dollar Round Table Millionaire on Paper Mimic Mine and Yours mineral rights Mini Manipulation Mini Perm Mini-Manipulation Mini-Sized Dow Option Mini-Tender Offer mini-warehouse Minicoupon Bond Minimo Minimo margen tolerado Minimo tabellare Minimum Down Payment Minimum Finance Charge Minimum Investment minimum lot area Minimum Maintenance Minimum Margin Minimum Price Contract Minimum Price Fluctuation minimum property requirements Minimum Purchases minimum rent Minimum Required Distribution Minimum Tax Minimum Tick Minimum-Variance Frontier Minimum-Variance Portfolio Ministry of Foreign Economic Relations and Trade Ministry of Health and Welfare Ministry of Posts and Telecommunications Minneapolis Grain Exchange minor Minor Bracket Minority Interest Minority Shareholder Minority Squeeze-Out Mint of Finland Mint of Norway	Minimum Essential Integrated Logistics Support Requirements Analysis Minimum Essential Listing Minimum Essential Medium Minimum Essential Medium with HEPES Minimum Essential Medium without Folic Acid Minimum Essential Requirement Minimum Essential Requirements List Minimum Essential Security Assistance Requirements Minimum Essential Support Analysis Minimum Essential Training Requirements Minimum Ethanol Selling Price Minimum Euclidean Distance Minimum Evolution Minimum Excitation Limit Minimum Expected Grade Minimum Expected System Load Minimum Explosive Concentration Minimum Eye Height over Threshold Minimum Failure Free Operating Periods Minimum Fatal Dose Minimum Fault Coverage Minimum Faulty Polygon Minimum Field Length for Maximum Effort Take-Off Minimum Film Forming Temperature Minimum Finance Charge Minimum Finance Charges Minimum Financial Responsibility minimum firing current Minimum First Derivative Link Minimum First Year Annual Premium Minimum Fitting Height Minimum Flash Point Behavior Minimum Flight Altitude Minimum Flight Altitude minimum flood Minimum Flow Unit Minimum Flows and Levels Minimum Fluctuation Minimum Fluctuations Minimum Focal Distance minimum force Minimum Frame Length Minimum Frequency Shift Keying minimum frontal diameter Minimum Fuel on Board Minimum Full-Time Equivalent minimum funding guarantee Minimum funding requirement Minimum Generator Operation Minimum Ground Support Equipment

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References in periodicals archive

Financial browser

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grace period

Wells Fargo''s prime rate card will charge you $2 a month in minimum finance charges if you do not have a balance on the card

Hidden Credit Card Fees by Sharon Chennault / Finance and Investment community

This type of credit card for poor credit applicants works much like a debit card to a checking or savings account except balances left on the credit card are charged a monthly fee based on an annual percentage rate; these balances are also subject to minimum finance charges.

Solutions for Obtaining A Credit Card with Poor Credit by Monica Washington / Finance and Investment community

It is also important that you understand that some companies will have a minimum finance charge system.

How Are Finance Charges Calculated? by Peter Kenny / Finance and Investment community

mill

Mill Rate

Millennial

Miller and Modigliani's Irrelevance Proposition

Miller, Merton

Miller-Tydings Fair Trade Act

Millieme

Millime

Milline Rate