Minimum interest charge

1 topic · 1 source

Business› Finance› Personal Finance› Consumer Credit

Credit Card

The minimum amount of interest you will be charged if you are charged any interest. For example, if your total interest charge is $0.75 but the credit card company's minimum interest charge is $1.00, you will be charged $1.00.

Board of Governors of the Federal Reserve System — Credit Card Consumer's Guide retrieved 2014-05-16