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Are you mastering your plastic? Have you paid any fees for your credit cards without understanding why? Many people are in serious credit card debt because of lack of knowledge about the credit card. This document seeks to empower credit card users by decoding the cryptic and deceptive language used by credit card companies. This is the first step in the process of taking control of your credit. Balance transfer, APR, Average daily balance, Periodic rate... the fine print of credit card contracts. These confusing terms affect financial charges (interest and fees) deeply. They seem difficult to understand, but, in fact, are pretty simple concepts.