| 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 |
| Late payment fee | Fee charged when a credit card holder does not make the minimum monthly payment by the due date |
| Penalty APR | The interest rate charged on new transactions if the penalty terms in the credit card contract are triggered |
| Returned payment fee | Fee charged if the cardholder makes a payment but does not have enough money in that account to cover the payment |
