Credit Card Glossary: Terms and Definitions
If you are late in making payments, your standard APR may increase to a default APR. Default APRs may be applied to all outstanding balances on your credit card if you are more than 60 days late paying the monthly bill. Also called penalty rate.
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.