A card with an annual rate of 18 percent would have a monthly periodic rate of 1.5 percent. The number of days between the last statement date and the current statement date. A charge by the bank for using credit cards to obtain cash. This fee can be state in terms of a flat per-transaction fee or a percentage of the amount of the cash advance. The credit report often is a critical factor in crediting scoring systems that lenders use to issue credit cards, mortgages or other loans.
Finance charge The charge for using a credit card, comprised of interest costs and other fees.
If the credit card user does not carry a balance, the grace period is the interest-free period of time a lender allows between the transaction date and the billing date. The standard grace period is usually between 20 and 30 days. The fee charged for money lent. A fee charged for exceeding the credit limit on the card. A company can turn down the customers it invited if it doesn't like the applicant's credit rating.