Finance Charge -

Leo viewed his credit card statement like a weather report: mostly sunny with a 100% chance of "I'll deal with it later."

"What is this?" he asked the customer service rep, his voice rising a frantic octave. "I paid the minimum!" finance charge

AI responses may include mistakes. For legal advice, consult a professional. Learn more Leo viewed his credit card statement like a

That changed when he saw it. Nestled between a $14 artisan toast and a subscription to a gym he hadn't visited since the Obama administration was the . It was small—only $12.40—but to Leo, it looked like a personal insult in 10-point font. Learn more That changed when he saw it

"The minimum, yes," the rep replied with the practiced patience of a saint. "But the finance charge is the interest on your remaining balance. It's calculated based on your and your average daily balance."