What is a "finance charge"?

What is a "finance charge"?

Mitchell Freedman, CPA/PFS (CEO, MFAC Financial Advisors) gives expert video advice on: How can I get a lower interest rate or APR on my current card?; What if I pay my credit card bill late?; What if my credit card is lost or stolen? and more...

A finance charge on a credit card is the equivalent of interest. It's stated as a percentage rate, but the APR will also be disclosed, which would be the true cost of the interest.