Credit Card Definitions For The Letters G, H, I, J, K, L, and M
A - B | C | D - F | G - M | N - R | S - Z
G
Grace Period - an amount of time after the billing cycle a person has to pay off their balance before they are charged interest. If a person carries a balance there is no grace period. A grace period is usually 20 - 30 days long.
H
At this time we do not have any definitions for the letter H if you would like to recommend a word please contact us.
I
Identity Theft - the act of stealing an individual's personal information to steal their credit cards, bank account, and other finances. An identity thief will take your social security number, birth date, address, name, and bank account information.
Interest Rate - the percentage rate that is charged to unpaid balances.
Introductory Rate - the starting interest rate for a new credit card usually only lasts for three to six months.
Issuer - a financial institution that provides a credit card.
J and K
At this moment we do not have any definitions for the letter J or K. If you would like to suggest a word please contact us.
L
Late Fee - a charge received from missing the payment due date. If a person is mailing a payment they should mail it at least 5 days before the due date.
Life of the Balance - an interest rate that is applied to a balance until it is paid off. The interest rate will not change.
Line of Credit - the amount of credit extended from a lender to a borrower. In the case of a credit card, it is the maximum you can charge to your card.
M
Minimum Finance Charge - The interest applied to your balance is under $.50 you will be charged $.50 in interest. If you do not pay your balance in full, but only have a small balance remaining you will probably receive a minimum finance charge. Many credit cards have a one.
Minimum Payment - the least amount a person must pay a credit card company for their statement.
Macy's credit card -
Lowes credit card -
Kohls credit card
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