Nearly all credit cards have a minimum finance charge. You’ll be charged that minimum if the calculated amount of your finance charge is less than that for any billing cycle. For example, your finance charge may be calculated to be $0.35 but if the company’s minimum finance charge is $1.00, you’ll pay $1.00. A minimum finance charge applies only when you must pay a finance charge – that is, when you carry over a balance from one billing cycle to the next. It is very important to understand that having a minimum finance charge does not mean that you will have to pay it every month even if you’ve paid off your balance in full or made no purchases. If you’ve paid off your balance in full or made no purchases you will not be charged anything. Typically, minimum finance charge is $0.50.