Credit Card terms starting with B

5 terms

1. Balance We put each charge on your account, including interest or fees, into a balance category.
2. Balance transfer The process of moving an outstanding balance from one credit card to another. This is usually done to obtain a lower interest rate on the outstanding…
3. Balance-transfer fee A fee charged when you make a balance transfer. It may be a flat fee or a percentage of the transfer.
4. Bill Your bill is the statement of your account. Your bill will tell you the total amount that you owe us as of the end of the last billing period.
5. Billing period The billing period is the fixed period of time covered by the bill we send you.