| A | B |
|---|
| Annual fee | Yearly cost of owning a credit card. Many credit card companies offer cards without this |
| Annual Percentage Rate (APR) | The amount of interest charged on a yearly basis |
| Balance Transfer | The processs of paying off another creditor's account with the use of a convenience or balance transfer check or electronic payment transfer |
| Cash Advances | Money borrowed against a charge or credit card, which accrues interest differently than charged purchases, sometimes at a higher rate and without a grace period |
| Credit Limit | The maximum amount that you can charge on your credit card |
| Credit | Borrowing money |
| Credit Rating | Detail of past borrowing and credit payments |
| Debit Card | Also known as a check card, this enhanced ATM card gives you access to your checking and savings account through ATMs and merchant purchases. |
| Grace Period | The period within which any credit extended for purchases may be repaid without incurring a finance charge-usually 20-25 days |
| Issuer | A bank or financial institution that issues credit cards or charge cards |
| Minimum Payment Due | The minimum amount you must pay, to keep your account current, if you are not paying your balance off in full |
| Loan Consolidation | Paying off all current loan balances by taking out 1 new, large loan |
