C problems validating a credit card

Average daily balance-- This is the method by which most credit cards calculate your payment due.

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Additional cardholder-- When you have a credit card, it is often possible to add an additional card to the account for use by someone else.There are quite a few terms you may not be familiar with when it comes to credit cards and credit card applications.We have put together a glossary to help you better understand commonly used words, phrases, and acronyms in the credit card industry.Annual Fee- An annual (yearly) fee associated with having a credit card.This is a separate fee from interest rate on purchases.