Credit Card Glossary: Terms and Definitions
Confused by credit card terms? CreditCards.com's glossary of credit card definitions will help. From account holder to Regulation Z, we have defined the most-common and most-confusing credit card terms.
- 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.