Choosing the Right Credit Card
Yearly fee charged by the car issuer for using the credit card.
The act of transferring the outstanding balance from one card to another. Balance transfers are often done to take advantage of a lower interest rate.
Credit cards that are reserved specifically for businesses, from business-for-self to large enterprises.
The act of withdrawing money from a credit card through a bank, ATM or convenience cheque.
Credit cards that offer a cash refund based on the total usage of the card.
The maximum amount that you can charge to your credit card.
A period of time during which interest is not charged as long as a payment is made before the period is over. It starts at the statement date and ends at the payment due date.
A percentage that is applied to your outstanding balance to determine the interest charges payable.
Credit cards that carry a low interest rate. This low interest can be on purchases, cash advances, and/or balance transfers.
The minimum payment that must be made each month in order to keep your account in good standing.
Their name says it all. These credit cards can be used as an emergency fund since they cost nothing to the individual to keep.
A penalty fee resulting from charges to the card exceeding the credit limit.
A password used to identify the authorized cardholder when making purchases with the credit card.
Credit cards that must have a security deposit. These cards are generally meant for people with bad credit or no credit.
Credit cards that often have features that appeal to students, i.e. student rewards, no annual fees, etc.
Credit Cards that offer travel rewards that can be redeemed for discounts on flights, hotels, car rental and other travel related expenses.