Glossary of Credit Card Terms
Below is a list of credit card and credit industry terms which can assist with reading credit card statements as well as the fine print on credit related documents.
- Wall Street Journal Prime Rate
- A common way to determine the prime rate. It is an index that is 3 percent higher than the federal funds rate. The Wall Street Journal takes a survey of thirty of the largest banks and assesses their prime rates. These rates are published in their print edition.
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