Credit Cards

An annual fee is a recurring charge for keeping a credit-card account open.

A balance transfer moves debt from one credit account to another, often to change pricing or repayment conditions.

A cardholder agreement is the contract that explains how a credit-card account works, what it costs, and what rules apply.

A cash advance is credit-card borrowing taken as cash rather than as a standard purchase.

A chargeback is a card-network reversal process used when a borrower disputes a transaction and the issuer pushes the claim back through the payment system.

A credit card is a revolving credit account that lets a borrower make purchases up to an approved limit.

Credit-card terms that explain account structure, pricing choices, and common card features in everyday consumer use.

A current balance is the live amount presently owed on a credit-card account.

A foreign transaction fee is an added charge for certain purchases processed outside the borrower's home currency or country.

A grace period is the time in which a credit-card balance can be paid without triggering purchase interest under normal terms.

An intro APR is a temporary promotional annual percentage rate offered for a limited period on a credit card.

A late fee is a charge assessed when the required payment is not made by the due date.

A penalty APR is a higher annual percentage rate that may apply after serious account problems such as late payment.

A statement balance is the amount shown as owed at the close of a credit-card billing cycle.

An unsecured credit card is a card account that is not backed by a cash security deposit.