Relier Pairs Computing the Costs of CreditVersion en ligne Review p238- 242 in the text book to find the correct answers. par Jeni Garcia 1 Fixed interest rate 2 Balance transfer 3 Cash advance 4 Minimum payment 5 Billing cycle 6 Penalty 7 Variable interest rate 8 Grace period 9 Finance charge The amount you are required to pay each month on a credit card The period of time between credit card billings The amount of time you have to pay your current credit card balance in full to avoid paying interest. An interest rate that is set and does not change from month to month Moving a balance from one card to another. Money borrowed against your credit card A fee charged for violating a term of the credit agreement An interest rate that goes up and down with inflation and other economic conditions The total dollar amount of all interest and fees you pay for the use of credit.
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