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.
How do I calculate my credit card finance charge?
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
Reply:You statement should tell you exactly what your finance charge is so you don't have to play the guessing game.
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