C3L5 Credit Card Statements
Flashcard
•
Business
•
10th Grade
•
Easy
Gail Stires
Used 1+ times
FREE Resource
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4 questions
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1.
FLASHCARD QUESTION
Front
billing cycle
Back
the amount of time set by the credit card company to calculate your bill
2.
FLASHCARD QUESTION
Front
credit line
Back
the maximum amount you can owe at any time (on a credit card or line of credit)
3.
FLASHCARD QUESTION
Front
late charge
Back
a fee for making a late payment on a credit card bill
4.
FLASHCARD QUESTION
Front
monthly periodic rate
Back
the annual interest rate (APR) divided by 12.
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