Credit Card Vocab

Front

Monthly payment amount.

Back

Minimum Payment

Front

Credit card's yearly interest rate.

Back

Annual Interest Rate (APR)

Front

Extra money paid for exceeding credit limit.

Back

Overdraft Fee

Front

Extra money paid if balance isn't fully paid monthly.

Back

Interest

Front

Owing someone money.

Back

Debt

Front

Extra money for late bill payment.

Back

Late Fee

Front

Willingness to lend money is based on:

Back

Credit Score

Front

Tempting 0% offer by credit card companies for the first year.

Back

Introductory Offer

Front

Purchasing goods/services with a promise to pay.

Back

Credit Card

Front

Annual Percentage Rate divided by 12 months.

Back

Monthly Finance Rate