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