www.creditcardcritic.com/advice/glossary.htm

Annual Fee: A fee charged to the cardholder by the card issuer

Finance Charge: Amount of interest charged on the account for a particular billing cycle

Minimum Payment: The smallest amount of money that must be paid by the cardholder for the billing cycle

Balance Transfer: Moving a balance from one credit card to another

Moving a balance from one credit card to another

Billing Cycle: The days between the last statement and the current statement

APR: Annual percentage rate of the finance charge

Grace Period: Time period during which a cardholder may pay off his or her balance without incurring a finance charge

Late Payment Fee: Fee charged to a cardholders for being delinquent with their payments

Basic/Classic Card: Usually comes with a low credit limit

Gold Card: Offers more benefits and a higher credit limit than a basic/classic card

Platinum Card: Typically issued to people with higher incomes

Rebate Cards: Cardholder earns points or money which may be applied later in the purchase of certain goods and services

The time allowed to pay your balance without being charged a finance charge is the ______

A. Billing Cycle B. Grace Period C. Balance Transfer D. Minimum Payment

The smallest amount of the balance a cardholder is required to pay is called the _____

A. Minimum Payment B. Balance Transfer C. Grace Period D. Billing Cycle

A fee charged to a cardholder’s account once a payment is overdue is called _____

A. Annual Fee B. Cash Advance C. Finance Charge D. Late Payment Fee

What is the fee charged by the card issuer for being a card holder?

A. Annual Fee B. Cash Advance Fee C. Finance Charge D. Late Payment Fee

The act of moving whole or a partial balance of a card to another credit card is called _____.

A. Cash Advance B. Finance Charge C. Annual Fee D. Balance Transfer

When lenders look at your total income and total debt are looking at your _____.

A. Minimum Monthly Payment

B. Finance Charge C. Debt to Income Ratio D. Late Payment Fee

The days between the last statement and the current statement cycles is called ____.

A. Billing Cycle B. Grace Period C. Balance Transfer D. Minimum Payment

www.myvesta.org (debt, credit cards, mortgages, etc)

www.eqmoney.com (Credit Score)

Financial experts state people should not spend more than 20% of their net income (after taxes) on short-term credit purchases

http://publications.usa.gov/epublications/choosecard/checklist.htm (How to choose the credit card right for you- and are you ready for a credit card)

http://www.federalreserve.gov/creditcardcalculator/Default.aspx (How long is it going to take to pay off your credit card?)