Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Finance 6.03

Understanding Credit Cards Vocabulary

TermDefinition
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 when a credit card holder does not make the minimum monthly payment by the due date.
Over-the-limit fee fee charged if the credit card account balance goes over the set credit limit.
Penalty APR The interest rate charged on new transactions if the penalty terms in the credit card contract are triggered.
Pre-approved When someone has passed an initial credit history check.
Returned payment fee Fee charged if the cardholder makes a payment but does not have enough money in the 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 factor.
Created by: Tou Xiong
Popular Finance sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards