If you don’t understand the language, you may be frustrated with credit card offers and statements. Here’s what these frequently used credit card terms mean

Annual Fee

A fee charged once a year for maintaining an account and for any special services.

Annual Percentage Rate (APR)

A yearly rate of interest that includes fees and costs paid to acquire the loan. The rate is calculated in a standard way, taking the average compound interest rate over the term of the loan, so borrowers can compare loans.

Available Credit

The amount of unused credit available. Available credit …