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GLOSSARY TERMS
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Fixed Rate

An APR term not explicitly tied to changes in other interest rates. Keep in mind that this rate can also change, but typically not with the frequency of a variable rate. Also, the card issuer is required to notify you before changing your rate, to give you the opportunity to cancel your card. Your APR may also be subject to change based on the timeliness of your payments.


Previous Credit Card Term: Financial Assistance Agency

Next Credit Card Term: Floor Limit


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