Credit Card Vocabulary for Students

Front

*Front:* Credit Card

Back

plastic card issued by a bank allowing purchases on credit.

Front

*Front:* APR

Back

Percentage Rate; cost of borrowing on a yearly basis.

Front

*Front:* Balance Transfer

Back

debt from one credit card to another.

Front

*Front:* Credit Limit

Back

amount you can charge on a credit card.

Front

*Front:* Minimum Payment

Back

amount you must pay each month.

Front

*Front:* Interest Rate

Back

charged on borrowed money.

Front

*Front:* Grace Period

Back

to pay off balance without interest.

Front

*Front:* Late Fee

Back

for not paying on time.

Front

*Front:* Cash Advance

Back

cash using a credit card.

Front

*Front:* Annual Fee

Back

charge for using a credit card.