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The Learning Center
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GLOSSARY TERMS
Terms that begin with A
Annual FeeMany credit card issuers charge an annual membership or participation fee. These fees usually range from $15-50, but can be as much as several hundred dollars. "No annual fee" cards are growing in popularity, and some lenders may be willing to waive this fee to keep your business. Previous Merchant Account Term: Affinity Card Next Merchant Account Term: Annual Percentage Rate (APR)
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