Credit Card Words

Front

What is the extra money you pay to use credit?

Back

Interest

Front

What is the amount you still owe the credit card company (or on a loan)?

Back

Balance

Front

What includes interest and all other charges you have to pay?

Back

Finance charges

Front

What is the amount you pay each year to have a credit card?

Back

Annual fee

Front

What term describes something that can change?

Back

Variable

Front

What is the maximum amount you can borrow on a credit card?

Back

Credit limit

Front

What is the minimum amount you must pay on your credit card each month?

Back

Minimum payment

Front

What is the rate charged for borrowing money, expressed as a percentage?

Back

APR (Annual Percentage Rate)

Front

What is a fee charged for late payments on a credit card?

Back

Late fee

Front

What is the term for using a credit card to make a purchase?

Back

Transaction