What does credit card APR mean?

Answer The term APR is used commonly to describe interest rates associated with credit cards, loans and other financial instruments; APR stands for "Annual Percentage Rate," which is the cost of a debt ex... Read More »

Top Q&A For: What does credit card APR mean

What does it mean when a credit was posted to your credit card?

A credit card company posts credit to your account primarily through payments and refunds. When you make payments, your card issuer credits the amount you paid to your account. The company may also... Read More »

What does it mean to confiscate a credit card?

Confiscating a credit card is usually a request made by the issuer of the card. For example, a bank or other form of credit card company may request a retailer or other business to hold the card du... Read More »

What does a credit card charge-off mean?

A charged-off credit account is one that a lender has written off as a loss. However, you are just as responsible for a charged-off debt as you are a current one, and a creditor may take legal acti... Read More »

What does a secured credit card mean?

A secured credit card has its limit attached to some form of collateral, typically a savings account. This gives the lender an alternative to collect payment on the credit card debt, in the event o... Read More »