Credit Card Words

Front

Extra money you pay to use credit.

Back

Interest

Front

The highest amount you can charge on your credit card.

Back

Limit

Front

When you owe money to a person or company (like a credit card company or bank).

Back

Debt

Front

The amount you still owe the credit card company (or on a loan) is called this.

Back

Balance

Front

The day when you have to have your payment to the credit card company (or pay late fee).

Back

Due Date

Front

A fee charged by the credit card company for maintaining your account, usually annually.

Back

Annual Fee

Front

The percentage of interest charged on the outstanding balance of a credit card.

Back

APR (Annual Percentage Rate)

Front

The minimum amount you must pay on your credit card bill each month.

Back

Minimum Payment

Front

A transaction made using a credit card that results in a charge to the cardholder's account.

Back

Purchase

Front

The process of borrowing money from a credit card company to make a purchase.

Back

Credit Transaction