Understand Credit Card Rates

Search online for a credit card and you’ll find tantalizing features: 0% interest for six months, no annual fees, cash-back offers, and more. Behind those benefits, however, are pages of fine print. One glance at those can be enough to make you vow to pay cash for the rest of your life.

The fine print doesn’t have to be your enemy, though. Understand the terms used in credit-card offers and you’ll be able to find the best plastic to add to your wallet. Here’s a breakdown of 10 common phrases to help you on your quest.


Written by: Rachel Hartman
Rachel Hartman is a freelance writer based in Mexico. Learn more at her website, www.rachelhartman.com.