Credit Card Words

Front

Extra money you pay to use credit.

Back

Interest

Front

Includes interest and all other charges you have to pay.

Back

Finance charges

Front

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

Back

Due date

Front

Something that can change can be described in this way.

Back

Variable

Front

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

Back

Annual fee

Front

The maximum amount you can borrow on a credit card.

Back

Credit limit

Front

A fee charged for not making a payment on time.

Back

Late fee

Front

The percentage of the borrowed amount that you pay as interest.

Back

Annual Percentage Rate (APR)

Front

A record of all transactions made with a credit card.

Back

Credit card statement

Front

The process of borrowing money to make purchases with a credit card.

Back

Credit utilization