Credit card companies, as part of the financial industry, use a massive array of jargon. If you understand the terms you can stay on top of your credit card debt. While you can't be expected to recognize all the technical terms, some of them are quite important so here is a quick guide, in alphabetical order.
Affinity card
This is a credit card that gives a certain amount to a charity of your choice, depending on how much you spend. It is generally best to avoid any charity that wants you to sign up for such a card and don?t let guilt lead you to a high interest rate.
APR
Annual Percentage Rate. This is your overall interest rate, calculated yearly, and given as a percentage of your credit card debt balance.
ATM
Automated Teller Machine. A cas View the rest of this article
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