Amy Fontinelle

  1. Term

    Minimum Finance Charge

    The least amount of interest you’ll have to pay your credit card company in a particular billing cycle when you carry a balance.
  2. Term

    Payment Protection Plan

    An optional service that lets a disabled or unemployed consumer stop making minimum monthly payments on a loan or credit card balance.
  3. Term

    Credit Fraud Alert

    A notice to a credit reporting bureau that a consumer’s identity may have been stolen and a request for new credit may not be legitimate.
  4. Term

    Authorized Amount

    A sum that a merchant transmits to a credit or debit card processor to make sure the customer has the funds required to make a purchase.
  5. Term

    Balance-To-Limit Ratio

    The amount of money you owe on your credit cards compared to your credit limit. A low ratio is better for your score than a high ratio.
  6. Term

    New Balance

    The new balance is the sum of your previous balance, payments, other credits, purchases, balance transfers, cash advances, fees and interest.
  7. Retirement

    Is Miami The Right Retirement City For You?

    Miami has all the attractions of big-city life – plus the beaches – but how good a retirement destination is it really? Here are the pros and cons.
  8. Term

    Debit Card

    An electronic card issued by a bank which allows bank clients access to their account to withdraw cash or pay for goods and services. This removes the need for bank clients to go to the bank to remove ...
  9. Term

    Building Ordinance Coverage

    Insurance that covers the increased cost of repairing a damaged building due to changes in building codes since the building’s construction date.
  10. Term

    Online Shoplifting

    The theft of goods from an Internet-based merchant.
  11. Term

    Business Credit Score

    A number indicating whether a company is a good candidate to lend money to or do business with.
  12. Term

    Primary Account Holder

    The individual who is legally responsible for all charges made to a credit card account.
  13. Term

    FICO (Fair Isaac)

    A major analytics software company that provides products and services to both businesses and consumers.
  14. Term

    Tiered Rewards

    Cash back, points or miles that a credit card offers at different rates based on how a cardholder spends and give higher rewards to cardholders who spend more.
  15. Term

    Void Transaction

    A credit card purchase that a seller cancels after it has been authorized but before it has been settled.
  16. Term

    Balance Billing

    When a health care provider bills a patient for the difference between what the provider charges and what insurance covers.
  17. Term

    Compulsory Insurance

    Any type of insurance an individual or business is legally required to buy. Compulsory insurance is mandatory for individuals and businesses that want to engage in certain financially risky activities.
  18. Entrepreneurship

    Key Differences Between Uber and Lyft

    A short article explaining the main differences between Uber and Lyft.
  19. Entrepreneurship

    Uber and Lyft Expansions: What They're Doing To Win The ...

    Uber and Lyft are each growing at a tremendous pace. Here are the most recent expansion efforts by both services and the benefits of each in these locales.
  20. Term

    Authorization Date

    The month, day and year when a credit card transaction is approved by the credit card issuer.
  21. Term

    Post Date

    The month, day and year when a credit card issuer processes a credit card transaction and adds it to the cardholder’s account balance.
  22. Term

    MasterCard Card

    A credit, charge, debit or prepaid card branded by MasterCard Incorporated, a major technology and global payments company.
  23. Term

    Billing Statement

    A periodic report that credit card companies issue to credit card holders showing their recent transactions, balance due and other key information.
  24. Term

    Discover Card

    A credit card branded by Discover, a banking and payment services company that is one of the biggest credit card issuers in the United States.
  25. Term

    Credit Card Arbitrage

    Borrowing money at a low interest rate from a credit card then investing that money at a higher interest rate to try to make a profit.
  26. Term

    American Express Card

    A credit, charge or prepaid card branded by American Express, a major payment card and travel services company.
  27. Term

    Chip-And-Signature Card

    A credit card that contains data embedded in a microchip and that requires the consumer to sign for the transaction.
  28. Term

    Minimum Spend

    The least amount of money a customer must charge to a credit card in a given time frame in order to earn that card’s sign-up bonus.
  29. Term

    Late Fee

    A charge a consumer pays for making a required minimum payment on a credit card after the due date.
  30. Term

    Prime Borrower

    A prime borrower is considered likely to make loan payments on time and likely to repay the loan in full.
  31. Term

    Foreign Transaction Fee

    Foreign transaction fees usually apply to credit card purchases made in foreign countries while traveling.
  32. Term

    Prime Credit

    A credit score that falls into the range that is one step down from super prime.
  33. Term

    Super-Prime Credit

    Consumers with super-prime credit are considered to have excellent credit and pose the least risk to lenders and creditors.
  34. Credit & Loans

    5 Things Debt Collectors Can't Do To You

    You may owe money, but you still have rights. There's a long list of things debt collectors are banned from doing to you. Know what's illegal.
  35. Credit & Loans

    How To Beat Off A Zombie Debt Collector

    Sounds like a bad horror movie, but it really could happen to you. Here's how to identify zombie debt and send collectors back to the dead-debt graveyard.
  36. Credit & Loans

    Inside Secrets Of The Debt Collection Business

    Understanding how the debt collection business works will give you a better chance of coming out ahead if you ever have to tangle with a collection agent.
  37. Credit & Loans

    How To Push Back Against A Debt Collector

    Debt collectors can be professional or nasty beyond belief. Here's how to fight back – and what your rights and obligations are if one contacts you.
  38. Term

    Credit Mix

    The types of accounts that make up a consumer’s credit report.
  39. Term

    Consumer Credit File

    A collection of data about an individual’s borrowing and repayment activity. Your credit file contains the information that determines your credit score.
  40. Term

    Negative Information

    Data in a consumer’s credit report that lowers his or her credit score.
  41. Term

    Cardholder Agreement

    A printed booklet a credit cardholder receives that contains all the "fine print" about the card's terms. The cardholder agreement ordinarily describes the annual percentage rate, how minimum payments ...
  42. Term

    Transactor

    A consumer who pays his or her credit card balance in full and on time every month.
  43. Term

    Zero Liability Policy

    A condition in a credit card agreement stating that the card holder is not responsible for unauthorized charges.
  44. Term

    Card Reader

    A device that can decode the information contained in a credit or debit card’s magnetic strip or microchip.
  45. Term

    Chargeback Period

    The timeframe during which a credit card issuer can dispute with the merchant a credit card transaction that the cardholder has reported as invalid.
  46. Term

    Business Credit Card

    A credit card intended for use by a business rather than for an individual’s personal use.
  47. Term

    Magnetic Stripe Card

    Any type of card that contains data embedded in a strip composed of iron particles in plastic film.
  48. Term

    Credit Monitoring Service

    A system that monitors a consumer’s credit reports for signs of possible fraud.
  49. Term

    Minimum Payment

    The smallest amount of a credit card bill that a credit card holder must pay each billing cycle.
  50. Term

    Revolver

    Revolvers are a major source of profits for credit card issuers because these consumers pay interest on the balances they carry by making the required minimum monthly payment only.