A fee that's automatically charged once a year to your credit card account for the benefits that come with that credit card. Annual fees, when they're charged, range from $25 to $500 depending on the credit card. Generally, the higher the annual fee, the more benefits the credit card provides.

The approximate yearly cost of borrowing money from a financial institution. It reflects the interest and/or fees assessed in conjunction with your balance and serves as a basis for choosing between similar financial products (e.g. between multiple credit card offers or mortgages).

The maximum amount that you can spend with your credit card. To determine the amount, credit card companies look at a variety of factors to gauge your ability to handle credit.

Credit cards rewards come in different forms, but they all give you a benefit for using your card more. In general, you earn a certain number or percentage of rewards for every dollar you charge on your credit card. Some cards reward you more for spending in certain areas or may only give you rewards on certain purchases.

A statistical number that evaluates a consumer's creditworthiness and is based on credit history. Lenders use credit scores to evaluate the probability that an individual will repay his or her debts.

A table that discloses pertinent information about a credit card, including interest rates, fees, terms and conditions.

A look at the advantages and disadvantages of credit cards. Learn about the pros and cons and decide if having a credit card is right for you.

More information on your credit score means, what is included in a credit report, and what factors affect your credit rating.