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
Credit Cards

Flashcard
•
Life Skills, Other
•
10th Grade
•
Hard
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20 questions
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1.
FLASHCARD QUESTION
Front
Back
all of these
2.
FLASHCARD QUESTION
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
3.
FLASHCARD QUESTION
Front
What is an annual fee?
Back
A fee charged by a card issuer for being a card holder.
4.
FLASHCARD QUESTION
Front
Examples of penalty fees include: over-the-limit fee, late payment fee, returned payment fee, all of these
Back
all of these
5.
FLASHCARD QUESTION
Front
How can you avoid paying interest fees on your credit card?
Back
pay off the full balance, on time, each month
6.
FLASHCARD QUESTION
Front
Is it wise to compare credit card offers before choosing one?
Back
True
7.
FLASHCARD QUESTION
Front
The cost of borrowing money is referred to as
Back
Interest
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