PF 6.03 Word Scramble
|
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
Normal Size Small Size show me how
Term | Definition |
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 the 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 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 that account to cover the payment |
Schumer Box | Terms and fees of a credit 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 |
Created by:
william.hermann
Popular Finance sets