Credit Cards General

What are the Terms and Conditions for a credit card?

When you apply for a credit card or charge card, the credit card company must tell you the following:

• The annual percentage rate (APR) for purchases made on credit.
• How the APR is determined if it is a variable APR or a regular APR.
• The method the issuer uses to calculate finance charges and the amount of any minimum finance charge.
• Fees for purchases, cash advances, late payments, or going over the credit limit.
• The annual fee that you will be charged if there is one.
• When charges are due and payable.

You can find the Terms and Conditions listed on the back of your monthly statement. You can also call your credit card company and ask them.

See also…
What fees do credit cards have?
What are the risks of owning a credit card? ...
What is an APR?
What is a spending/credit limit?
What are the finance charges? How are they calculated? ...

Last update: 2006-09-25 13:18
Author: BKO

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