Matching Pairs Computing the Costs of CreditOnline version Review p238- 242 in the text book to find the correct answers. by Jeni Garcia 1 Balance transfer 2 Billing cycle 3 Finance charge 4 Minimum payment 5 Penalty 6 Fixed interest rate 7 Variable interest rate 8 Grace period 9 Cash advance The amount of time you have to pay your current credit card balance in full to avoid paying interest. A fee charged for violating a term of the credit agreement The amount you are required to pay each month on a credit card An interest rate that goes up and down with inflation and other economic conditions The total dollar amount of all interest and fees you pay for the use of credit. The period of time between credit card billings Money borrowed against your credit card Moving a balance from one card to another. An interest rate that is set and does not change from month to month