Credit Cards and Statements

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Across
  1. 3. (3 words) The average amount owed per day during a billing cycle.
  2. 6. Payment is made to reduce your debt
  3. 11. A purchase, cash advance, or payment made using a credit card.
  4. 18. (2 words) Difference between the maximum amount allowed and the actual amount owed on a credit card.
  5. 20. (2 words) Date the monthly payment must be received by the creditor.
  6. 21. (2 words) The amount currently owed on a credit card.
  7. 22. (3 words) The APR divided by 12; the rate of interest charged each month.
  8. 23. (2 words) A card that entitles its holder to make purchases and pay later
  9. 24. Annual Percentage Rate
  10. 25. (2 words) Maximum amount that a person can owe on a credit card at one time.
  11. 26. (2 words) The sum of purchases or debits on an account.
  12. 27. (2 words) The interest that is charged to a buyer when paying for a purchase or service over time.
  13. 28. The total amount received by the creditor that is applied to the account.
Down
  1. 1. (2 words) The amount of time, in days, covered by the current bill.
  2. 2. (2 words) Any money owed prior to the current billing period.
  3. 4. (4 words) A law that offers protection if a credit card is lost or stolen (maximum liability is $50)
  4. 5. (2 words) Date that a credit card statement was written.
  5. 7. (2 words) A type of credit card where the entire bill does not have to be paid in full each month
  6. 8. (2 words) An amount that is the lowest payment the credit card company will accept for the current billing period.
  7. 9. (2 words) The penalty charged for late payments from a previous month.
  8. 10. (4 words) A federal law created to protect consumers from errors and unauthorized charges on their credit card bill
  9. 12. (2 words) A unique number that identifies a credit card holder.
  10. 13. (2 words) A predetermined amount of time set by the credit card company that is used for calculating a credit card bill.
  11. 14. (2 words) When a consumer purchases something to which the were suddenly attracted and had no intention of buying
  12. 15. (3 words) An accounting of the credits and debits in the form of a monthly report sent to a credit card holder.
  13. 16. (2 words) A card, for which purchases can not exceed the balance in the checking account.
  14. 17. Amount charged to an account; a credit is payment made to reduce your debt
  15. 19. (2 words) A special type of credit card where the monthly bills for all purchases must be paid in full and there is no interest charged