Credit Card Glossary: Terms and Definitions
Monthly periodic rate
The monthly periodic rate is part of the formula used in computing consumers’ credit card bills. It is multiplied by the amount of a cardholder’s outstanding credit card balances to come up with the interest rate charge for a billing cycle.
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.