The APR may be 'variable' which typically indicates that the rate is tied to a particular index such as the 'Prime Rate'. A variable APR will change if the underlying index changes.

The APR may also be 'fixed' which indicates that it is not tied to any particular index. A 'fixed' APR may also change but the card issuer must first notify you before changing your APR.




Balance Transfer APR
The interest rate applied to any balance amount which is transferred to your card account. Please note that a card issuer may charge separate and distinct APRs for Purchases, Cash Advances, and Balance Transfers.




Balance Transfer Fee
A fee which some card issuers may impose if you transfer outstanding balances from one card to your current card account. This fee is in addition to any interest rate which may be charged on the amount of the transferred balance.




Cash Advance APR
The interest rate applied to any Cash Advance amount made with your card. Please note that a card issuer may charge separate and distinct APRs for Purchases, Cash Advances, and Balance Transfers.




Cash Advance Transaction Fee
A fee which some card issuers may impose if you obtain a cash advance. This fee is in addition to any interest rate which may be charged on the amount of the advance.




Charge Card
Unlike a credit card where the outstanding balance may be paid over a period of time, outstanding balances for Charge Cards typically must be paid in full at the end of each billing cycle.




Grace Period
A period of time, often about 25 days, during which you can pay your credit card bill without incurring an interest charge. Typically, the grace period applies only if you pay your balance in full each month.




Late Payment Fee
A fee which may be imposed by the card issuer if your payment is late.




Over the Credit Limit Fee
A fee which may be imposed by the card issuer if you exceed the credit limit set for your card account.




Prime Rate
The Prime Rate is the interest rate a bank charges its best, or 'prime', business customers to borrow money. The Prime Rate is often used by card issuers for purposes of a benchmark index to which their cards' APRs are tied.




Purchase APR
The interest rate applied to balances due for Purchases made with your card. Please note that a card issuer may charge separate and distinct APRs for Purchases, Cash Advances, and Balance Transfers.




Secured Card
A secured card typically requires that you guarantee your credit by depositing funds into a savings account. The credit limit for your card will often equal the amount of your deposit or some multiple of the deposit amount.