Credit Cards

Front

Benefits of credit cards include: safe and convenient, rewards are offered, allows you to build a positive credit report, needed for reservations and online shopping

Back

all of these

Front

The maximum amount you may borrow on a credit card is known as: creditworthiness, credit report, credit limit, variable rate of credit

Back

credit limit

Front

What is an annual fee?

Back

A fee charged by a card issuer for being a card holder.

Front

Examples of penalty fees include: over-the-limit fee, late payment fee, returned payment fee, all of these

Back

all of these

Front

How can you avoid paying interest fees on your credit card?

Back

pay off the full balance, on time, each month

Front

Is it wise to compare credit card offers before choosing one?

Back

True

Front

The cost of borrowing money is referred to as

Back

Interest

Front

Paying the minimum payment on a credit card every month will:

Back

Make the final amount paid substantially higher than the amount initially charged to the card.

Front

Having a high credit score will allow lenders to give you lower interest rates.

Back

True

Front

The least amount that must be paid on a credit card each month is

Back

Minimum Payment