Question

Collectively, what are the interest costs and other fees for using a credit card called?. A. balance B. credit line C. finance charge

Answer 1

Collectively, the interest costs and other fees for using a credit card are called finance charge . Correct answer: C

Finance chage is the fee charged for the use of credit or the extension of existing credit, which includes the cost of carrying the debt itself along with any related transaction fees, account maintenance fees or late fees charged by the lender.

Answer 2

The correct answer to this question is this one: "C. Finance Charge." Collectively, the interest costs and other fees for using a credit card called the finance charge. IT has something to do with the charges after you used the credit cards.