| A | B |
|---|
| Annual Fee | A yearly fee that may be charged for having a credit card |
| Annual Percentage Rate (APR) | The cost of credit expressed as a yearly interest rate |
| Balance Transfers | The act of transferring debt from one credit card account to another. |
| Credit card | A plastic card that you can use to access a line of credit that has been established in advance. |
| Credit Limit | The maximum dollar amount that can be borrowed |
| Introductory Rate | The APR charged during the credit card's introductory period after a credit card account is opened |
| Late Payment Fee | Fee charged |
| Over-The -Limit fee | Fee Charged |
| Penalty APR | The interest rate charged on new transactions |
| Pre-Approved | When someone has passed in initial credit history check |
| Return Payment Fee | Fee charged if the cardholder makes a payment but does not have enough money in that account to cover the payment |
| Schumer Box | Terms and fees of a credit card in an easy to read box on all credit card applications and solicitations |
| Variable-rate APR | An Apr that may change depending on other factors |
