The balance that has carried over from the previous billing period.

A temporarily low interest rate, used as incentive to entice a consumer to sign up for credit. After the introductory period, the rate will increase to the standard percentage.

Money deposited with a financial institution for investment and/or safekeeping purposes.

The balance that remains when all payments made during a billing cycle are subtracted from the balance from the previous billing cycle. This balance does not include finance charges for the current bi [..]

A credit card offered by a lending institution in partnership with another institution. These cards are also known as co-brand cards, because both institutions lend their branding to the card.

A yearly fee charged to a customer to participate in an open-ended credit program.

The cost of credit expressed as a yearly rate. APR is a percentage that results from an equation considering the amount financed, the finance charges, and the term of the loan.

Items of monetary value (e.g., house, land, car), owned by an individual or a company.

Acronym for automated teller machine.

A person who has been given permission to make changes to a credit account. This status must be given by the primary account user. An authorized user is not legally responsible for repaying the accoun [..]