Advantages and disadvantages of using credit

Balance

compare debits and credits in (an account), typically to ensure that they are equal.

Annual Percentage Rate

describes the interest rate for a whole year (annualized), rather than just a monthly fee/rate, as applied on a loan, mortgage loan, credit card, etc.

(credit card) Fraud

is a wide-ranging term for theft and fraud committed using or involving a payment card, such as a credit card or debit card, as a fraudulent source of funds in a transaction.

Credit Limit

is the maximum amount of credit that a financial institution or other lender will extend to a debtor for a particular line of credit (sometimes called a credit line, line of credit, or a trade line).

Penalty rates

is the very high interest rate charged by the credit card issuer when a borrower violates the card's terms and conditions.

perks

money, goods, or other benefit to which one is entitled as an employee or as a shareholder of a company

Loans

something lent or furnished on condition of being returned, especially a sum of money lent at interest.

Fees

a payment made to a professional person or to a professional or public body in exchange for advice or services.

Credit

a sum of money due to a person; anything valuable standing on the credit side of an account.

Budget

an estimate, often itemized, of expected income and expense for a given period in the future.