Getting a Credit Card Worksheet

The interest rate that the user of a credit card will pay. The APR advertised by creditors varies and should be used to compare different credit card offers.
Making purchases now and paying for them later (also known as borrowing!).
A plastic card used to make purchases now and pay for them later.
Any bank or business that extends credit to others; a lender.
Anyone who owes money; a borrower
A fee for borrowing money, added to a monthly credit card bill.
The fee, expressed as a percentage, a borrower pays for the use of a creditor’s money. At an interest rate of 10%, a borrower would pay $110 for $100 borrowed.
A temporary interest rate advertised as a low APR to entice customers to apply for a credit card. After the introductory period, the interest rate will increase to the regular APR.
Additional fees that can be added to a credit card bill if the cardholder fails to make at least the minimum payment by the due date.
The smallest required payment that a credit card holder can pay on a monthly bill and still remain in good standing with the lender.