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Resources

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  • Credit Card Basics

Basic Credit Cards Information, Questions, and Definitions

Glossary of Basic Credit and Credit Card Terms

Credit Limit: The amount of a credit limit will depend on the size of your deposit, your credit payment history and/or your issuer's policy. It is the amount of money which you may borrow on your credit card, the total amount of purchases you can make.

Unsecured Credit Card: Credit card in which the credit issuer simply has your "promise to repay" the amount you owe.

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Credit Card Frequently Asked Questions

What is a credit limit? A credit limit is the total dollar amount of credit available to you for purchases and cash advances.

How long will I have to pay off purchases? If you pay your balance in full each month by the due date, you are allowed a grace period to pay off your entire balance before you are charged any interest on new purchases.

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