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Credit Cards & Credi
-- Finance
| Term | Definition |
|---|---|
| Annual fee | a yearly charge by credit card companies for holding a specific card, usually to cover premium rewards, travel perks, or higher cashback rates. |
| Annual percentage rate (APR) | The Annual Percentage Rate (APR) represents the total yearly cost of borrowing money, expressed as a percentage that includes both the interest rate and additional fees. |
| Balance transfers | a situation in which debt on a credit card is moved to a different card, usually to get a better interest rate. |
| Bankruptcy | |
| Cash advances | |
| Co-signer | |
| Courtesy Checks | |
| Credit bureau | |
| Credit card | |
| Credit history | |
| Credit limit | |
| Credit report | |
| Credit score | a separate 3-digit number derived from the report's data to summarize your creditworthiness. |
| Debt | |
| Finance charge | |
| Grace period | |
| Interest rate | |
| Introductory rate | |
| Late payment fee | |
| Lender | |
| Line of credit | |
| Over-the-limit fee | |
| Pre-approved | |
| principle | |
| Secured loan | |
| Term |