March 31, 2008
Confusing Credit Card Definitions Clarified
If you've ever taken time taken time to read the fine print on your credit card statement or application, you may feel as though you're reading a foreign language. But, you shouldn't feel alone. Studies show that the majority of consumers simply can't understand the fine print and jargon used by the credit card industry. The problem is that this "jargon" usually pertains to interest rates and fees and being in the "know" can make a big difference in what you'll pay.
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