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9 Cards in this Set
- Front
- Back
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Charge
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monies borrowed using a credit card
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Interest Rate
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The percentage you pay on the money you have charged.
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Payment due date
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The date by which the credit card company expects to receive your payment.
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outstanding balance
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The amount of money you still need to repay
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Finance charge
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The interest payment you owe on the credit card balance
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Grace period
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a period of time generally 20-25 days before a credit card company starts charging you interest on a purchase.
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Late fee
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a penalty you are charged for not making your minimum payment by the established payment due date
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Annual fee
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The amount of money the credit card issuer charges you for having the credit card account each year
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Cash advance
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money you are allowed to obtain in one form of cash through the use of an ATM or bank
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