Across
- 3. The amount of time between the last statement closing date and the next. This must be at least 21 days.
- 7. The amount of credit you are using compared to the amount of credit you have available.
- 8. If you pay your credit card bill late, you will incur a fee.
- 10. The yearly fee charged for holding a credit card. You pay this whether you carry a balance or not
- 11. The least amount of money you must pay each month to keep your account current.
- 14. The amount of money you owe on your credit card bill.
- 15. You typically incur a fee for a cash advance. This may be a flat fee (minimum charge), or a percentage based on the cash amount withdrawn.
- 16. The interest rate you are charged if you do not pay off your credit card balance in full each billing cycle.
Down
- 1. The maximum amount of money that can be charged to a credit card
- 2. Taking debt from one credit card and moving it to a new card. This is usually done because the new card has a lower APR.
- 4. When you withdraw money from your credit card account. You can do this at an ATM or bank, but the fees are usually much higher.
- 5. The amount of time between the end of a billing cycle and when your bill is due.
- 6. The cost applied to balance transfers. This can be a flat rate, or a percentage of the amount transferred.
- 9. Charges different rates of interest, depending on the amount of money owed.
- 12. A lower-than-usual APR that you get for a set period of time when you open an account.
- 13. Card issuers may penalize you with a higher interest rate when you pay late.