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How You Can Profit from Credit Cards: Using Credit to Improve Your Financial Life and Bottom Line
book

How You Can Profit from Credit Cards: Using Credit to Improve Your Financial Life and Bottom Line

by Curtis E. Arnold
June 2008
Beginner
352 pages
6h 10m
English
Pearson
Content preview from How You Can Profit from Credit Cards: Using Credit to Improve Your Financial Life and Bottom Line

Glossary

affinity credit card

A credit card typically offered through a partnership between a lending institution and a nonfinancial organization such as a school or a nonprofit. Generally, the organization receives a small percentage of each purchase made on the card. Additionally, cardholders might receive discounts or special deals from the organization.

amount due

Refers to the minimum amount due (usually about 2% of the entire balance).

annual fee

A yearly credit card usage charge billed directly to the consumer’s credit card account. Annual fees usually range from $15 to $85.

annual percentage rate (APR)

A yearly interest rate used to determine finance charges. The APR must be disclosed for credit card purchases, cash advances, penalty rates, and ...

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Publisher Resources

ISBN: 9780137148059Purchase book