Credit Card Glossary: Terms and Definitions
An annual (yearly) fee charged by a credit card company each year for use of a credit card. This is a separate fee from interest rate on purchases. While annual fees were once common, they largely disappeared in the ’80s and ’90s, remaining only on a few classes of cards, such as secured cards or those that offer airline frequent flyer miles as a reward. Compare no-annual-fee credit cards.
Terms from A-Z
Search the CreditCards.com glossary for every credit-related term from "account holder" to "zombie debt." Select a letter for alphabetized terms and definitions.