Office of Financial Empowerment
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Common Credit Card Terms


  • 0.0% Intro APR for 6 months on purchases
  • Low Balance Transfer APR - 2.9% for first 6 months
  • No annual fees

Sound like a good credit card deal? 
ANSWER: Maybe. 
You must understand the "credit card language" before knowing if this deal is good for you.

A credit card is a type of loan because you must pay back the money you borrow.  Misusing a credit card can lead to debt troubles which can affect your credit report and score.  Before applying for a credit card, always remember to read all of the terms and conditions; they usually can be found on the back page of a mailing offer.  To help you understand "credit card language," below is general information found in a credit card mailing offer.  Place your mouse over the different sections to learn more about common credit card terms.