| A | B |
|---|
| introductory rate | The annual percentage rate charged during the credit card's introductory period after a credit card account is opened. |
| debit card | A plastic card which looks like a credit card, but is electronically connected to the cardholder’s bank account |
| annual fee | Yearly cost of owning a credit card, many credit card companies offer cards without this |
| credit | When goods, services, or money is received in exchange for a promise to pay a definite sum of money at a future date |
| credit rating | Detailed of past borrowing and credit payments |
| issuer | A bank or financial institution that issues credit cards or charge cards |
| solicitation | Advertisement sent in the mail inviting you to apply for a credit card |
| credit line | Also known as credit limit, this is the maximum amount that you can charge on your credit card |
| balance payer | A plastic card which looks like a credit card, but is electronically connected to the cardholder’s bank account |
| interest | Price of money |
| credit limit | The maximum dollar amount that can be charged on the card |
| FOR DEBIT CARD | The risk of using this card is high. This doesn't need a pin |
| FOR DEBIT CARD | History is not affected, no interest involved |
| FOR DEBIT CARD | Money taken from your bank account (spending your own money) |
| FOR CREDIT CARD | Depending how responsible you are with this card is how it will affect your score |
| FOR CREDIT CARD | Have to pay the bank back |
| FOR CREDIT CARD | Borrowing/getting loan from bank |
| FOR CREDIT CARD | If this card's bill is not paid in full, interest is charged; usually interest are very high |
