Credit Card Vocabulary
An amount of money. In personal banking, balance refers to the amount of money in a savings or checking account. In credit, balance refers to an amount of money owed.
Cash Back/Rewards
Fair Credit Reporting Act
Annual Fee
Minimum Payment
Equal Credit Opportunity Act
Balance
Annual Percentage Rate
Fair Debt Collection Practices Act
Credit Line
The lowest amount of money that you are required to pay on your credit card statement each month in order to keep the account in good standing.
Cash Back/Rewards
Fair Credit Reporting Act
Annual Fee
Minimum Payment
Equal Credit Opportunity Act
Balance
Annual Percentage Rate
Fair Debt Collection Practices Act
Credit Line
Benefits and bonuses a credit card company offers to entice you to open a card, such as cash back or travel rewards.
Cash Back/Rewards
Fair Credit Reporting Act
Annual Fee
Minimum Payment
Equal Credit Opportunity Act
Balance
Annual Percentage Rate
Fair Debt Collection Practices Act
Credit Line
Promotes the accuracy and privacy of information and enables consumers to receive a copy of their credit report.
Cash Back/Rewards
Fair Credit Reporting Act
Annual Fee
Minimum Payment
Equal Credit Opportunity Act
Balance
Annual Percentage Rate
Fair Debt Collection Practices Act
Credit Line
Protects consumers from being discriminated by sex, race, marital status, religion or age when obtaining credit.
Cash Back/Rewards
Fair Credit Reporting Act
Annual Fee
Minimum Payment
Equal Credit Opportunity Act
Balance
Annual Percentage Rate
Fair Debt Collection Practices Act
Credit Line
Ensures debt collectors follow specific procedures and protocols when collecting debts and protects against deceptive, abusive or unfair collection practices.
Cash Back/Rewards
Fair Credit Reporting Act
Annual Fee
Minimum Payment
Equal Credit Opportunity Act
Balance
Annual Percentage Rate
Fair Debt Collection Practices Act
Credit Line
The percent charged every year on top of any outstanding payments currently on your card.
Cash Back/Rewards
Fair Credit Reporting Act
Annual Fee
Minimum Payment
Equal Credit Opportunity Act
Balance
Annual Percentage Rate
Fair Debt Collection Practices Act
Credit Line
The fee you pay per year in order to keep your credit card.
Cash Back/Rewards
Fair Credit Reporting Act
Annual Fee
Minimum Payment
Equal Credit Opportunity Act
Balance
Annual Percentage Rate
Fair Debt Collection Practices Act
Credit Line
{"name":"Credit Card Vocabulary", "url":"https://www.quiz-maker.com/QPREVIEW","txt":"The yearly interest rate charged on outstanding credit card balances., What is the difference between a Credit Card and a Debit Card?, The maximum dollar amount that can be charged on a specific credit card account.","img":"https://www.quiz-maker.com/3012/images/ogquiz.png"}