A charge for use of a credit card issued each year. The annual fee can range from $15 to $300 and is billed directly to the customer's _______ _________. Many credit cards come without an annual fee. Some cards charge high Annual Fees but have little or no APR.
APR is the cost of credit expressed as a yearly rate. The APR includes the interest rate, points, _______ _____, and certain other credit charges that the borrower is required to pay. This is not the same as the _________ ______ of the card.
An instant loan obtained from a credit card account. Credit card issuers charge interest from the date of the advance until it is repaid, and may also charge a ___________ _____ based on the amount of the advance.
Usually the interest rate on a cash advance is significantly higher than the standard interest rate.