Credit Card Terms

Amount you pay yearly to have a credit card

• Annual Percentage Rate

• Annual Fee

• Finance Charges

• Over-the-Limit Fee

Interest rate you are charged for carrying a balance

• Annual Percentage Rate

• Annual Fee

• Over-the-limit fees

• Finance Charges

Highest amount that can be charged to your card without a penalty

• Finance Charges

• Introductory Rate

• Minimum Payment

• Credit Limit

The date your payment is due

• Due Date

• Introductory Rate

• Finance Charge

• Annual Percentage Rate

Credit that can be used repeatedly (open)

• Grace Period

• Finance Charges

• Revolving Credit

• Nonrevolving Credit

Interest and all fees you pay in addition to the money borrowed

• Finance Charges

• Annual Fee

• Introductory Rate

• Over-the-limit Fee

Time period before due date that you are allowed to pay your bill without paying interest

• Due Date

• Grace Period

• Minimum Payment

• Revolving Credit

The lower rate you are charged when you first open a credit card. This amount typically increases.

• Introductory Rate

• Annual Percentage Rate

• Annual Fee

• Minimum Payment

The least amount of money you are required to pay on your credit card bill

• Over - the - Limit

• Balance

• Minimum Payment

• Credit Limit

Fee you are charged for going over your credit limit

• Finance Charges

• Annual Fee

• Over-the-limit fee

• Minimum Payment