Answer:
Finance Charge.
Explanation:
Credit card is an instrument issued by the bank that allows the holder to buy goods and services in credit . In other words , it gives the holder loan opportunity that are repayable in the future.
The bank charges a finance charge or interest rate on the amount owed based on the annual percentage rate , the amount owed and the length of repayment period . This is paid until the balance is fully offset within the grace period.
