Terms that begin with P

---

• Penalty APR
• Penalty Fees
• Periodic Rate
• Personal Credit
• Personal credit history
• PIN (Personal Identification Number)
• Point Of Sale (POS)
• Post Date
• Pre approved line of credit
• Previous balance
• Primary Account Number (PAN)
• Prime Rate
• Prior Authorization
• Prior Closing Date
• Processing Date
• Purchases

A penalty APR, or often called a Default APR, may be enstated when cardholders default on some term of their credit agreement, such as missing payments or exceeding credit limits. Penalty APRs are continually on the rise, currently soaring as high as prime +25.99%. Some credit cards claiming a "universal default" may even charge higher interest rates when you default with another creditor.

Previous Credit Card Term: Overdraft protection

Next Credit Card Term: Penalty Fees