Credit cards have become part of our financial lives. The amount of financial freedom offered to us by the credit card cannot be matched. From helping us meet emergency costs to funding working capital needs, we no longer can’t live without them. Despite all these great advantages they offer, credit cards come at a cost. One that could be very punitive if not well managed. Understanding the product is key in managing these costs. In my research, I have realized that the majority of card users don’t understand the product they happily consume. This article will give an in-depth view on the common credit card terminologies. Understanding them helps maximize…