Advertiser disclosure

Should you ever pay a credit card annual fee?

Paying for a credit card may be worth it if the card fits your existing lifestyle and rewards you significantly more than a no-fee card. But the latter are so competitive, generous, and perk-filled that most people will be perfectly happy with a no-fee card.

Credit Card Terminology Explained: A Glossary

Glossary: Credit card terminology explained

Credit history? Credit limit? Grace period? APR? Balance transfer? Your credit card agreement is full of purposefully obscure jargon designed to confuse you. By learning what these credit card terms mean, you can make better decisions—and stay out of debt.