Credit Cards

An annual fee is the recurring yearly charge attached to some credit cards.

Charge connected to holding or using a credit card, separate from interest on carried balances.

A cardholder agreement is the contract that sets the credit card's rates, fees, payment rules, and account terms.

A cash advance fee is the charge applied when a credit-card transaction is treated as a cash advance.

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

Canadian credit-card terms such as statement balances, grace periods, minimum payments, and day-to-day account use.

Credit-card charge that can apply when a purchase or transaction is processed in a foreign currency.

Over-limit means the card balance has moved above the approved credit limit.

Credit-card fee that may apply when the account balance moves above the approved credit limit under the card terms.

Credit-card fee that can apply when a payment to the card is rejected, reversed, or returned unpaid.

APR is the annualized rate figure used in disclosures to express borrowing cost more comparably across credit offers.

A balance transfer moves debt from one credit account to another, usually to change the rate or repayment structure.

A billing cycle is the repeating account period that groups card activity before the statement date closes the cycle.

A cash advance is a credit-card transaction that gives access to cash or a cash-like amount instead of an ordinary purchase.

Cash advance interest rate is the card rate applied to cash-advance balances, often without the same grace treatment as purchases.

A chargeback is the reversal process used when a card transaction is challenged and the issuer takes the dispute back through the payment system.

Current balance is the live amount currently owed on a credit card after recent purchases, payments, and credits.

A grace period is the interest-free purchase window that can apply between a card statement date and its payment due date.

An introductory rate is temporary promotional pricing that applies for a limited period before regular credit-card pricing returns.

A joint card account is a credit card structure shared by two borrowers at the account level.

A minimum payment is the lowest amount the issuer requires by the due date to keep a card account current.

Payment allocation is the way a card issuer applies a payment across different balances on the same account.

Payment posting date is the date a card payment is recorded to the account rather than simply initiated by the borrower.

A pending transaction is card activity that has been authorized but has not yet fully posted to the account.

A posted transaction is card activity that has finalized on the account record and now counts as a settled entry.

Limited-time balance transfer offer with special pricing used to move card debt more cheaply for a period.

Card rate applied to ordinary purchases when the balance is carried past the grace period.

A secured credit card is a card account backed by a security deposit or other pledged support.

A statement balance is the amount shown as owing when a card billing cycle closes.

Statement date is the date when the card billing cycle closes and the statement snapshot is produced.

Additional person allowed to use a primary card account without necessarily being the main borrower.

An unauthorized charge is a card transaction the consumer did not approve or make.