2. www.creditcardcritic.com/a dvice/glossary.htm www.creditcardcritic.com/a dvice/glossary.htm

3. Annual Fee: A fee charged to the cardholder by the card issuer Finance Charge: Amount of interest charged on the account for a particular billing cycle

4. Minimum Payment: The smallest amount of money that must be paid by the cardholder for the billing cycle Balance Transfer: Moving a balance from one credit card to another

5. Billing Cycle: The days between the last statement and the current statement APR: Annual percentage rate of the finance charge

6. Grace Period: Time period during which a cardholder may pay off his or her balance without incurring a finance charge Late Payment Fee: Fee charged to a cardholders for being delinquent with their payments

7. Basic/Classic Card: Usually comes with a low credit limit Gold Card: Offers more benefits and a higher credit limit than a basic/classic card

8. Platinum Card: Typically issued to people with higher incomes Rebate Cards: Cardholder earns points or money which may be applied later in the purchase of certain goods and services

9. The time allowed to pay your balance without being charged a finance charge is the ______ A. Billing Cycle B. Grace Period C. Balance Transfer D. Minimum Payment

10. The smallest amount of the balance a cardholder is required to pay is called the _____ A. Minimum Payment B. Balance Transfer C. Grace Period D. Billing Cycle

11. A fee charged to a cardholders account once a payment is overdue is called _____ A. Annual Fee B. Cash Advance C. Finance Charge D. Late Payment Fee

12. What is the fee charged by the card issuer for being a card holder? A. Annual Fee B. Cash Advance Fee C. Finance Charge D. Late Payment Fee

13. The act of moving whole or a partial balance of a card to another credit card is called _____. A. Cash Advance B. Finance Charge C. Annual Fee D. Balance Transfer

14. When lenders look at your total income and total debt are looking at your _____. A. Minimum Monthly Payment B. Finance Charge C. Debt to Income Ratio D. Late Payment Fee

15. The days between the last statement and the current statement cycles is called ____. A. Billing Cycle B. Grace Period C. Balance Transfer D. Minimum Payment

16. www.myvesta.orgwww.myvesta.org (debt, credit cards, mortgages, etc) www.eqmoney.comwww.eqmoney.com (Credit Score)

17. Financial experts state people should not spend more than 20% of their net income (after taxes) on short-term credit purchases

18. http://publications.usa.gov/epublications/ch oosecard/checklist.htm (How to choose the credit card right for you- and are you ready for a credit card) http://publications.usa.gov/epublications/ch oosecard/checklist.htm http://www.federalreserve.gov/creditcardca lculator/Default.aspx (How long is it going to take to pay off your credit card?) http://www.federalreserve.gov/creditcardca lculator/Default.aspx