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

The amount you pay each year to have a credit card.

Back

Annual Fee

Front

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

Back

Debt

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 for not paying your credit card bill on time.

Back

Late Fee

Front

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

Back

Minimum Payment

Front

A type of credit that allows you to borrow money up to a certain limit.

Back

Credit Card

Front

The process of borrowing money from a credit card company.

Back

Credit Utilization

Front

The total amount of money you owe to creditors.

Back

Total Debt