Credit/Debt Management

Front

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

Back

Minimum payment

Front

The bank will NOT grant a loan to your 25 year old sister, if she has no credit history or a job to pay them back.

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has no credit history or a job to pay them back

Front

When wanting to buy a 'smart' television, it is best to

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save up for it and pay with your debit card

Front

A fee charged when a cardholder does not make minimum monthly payment by the due date

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Late fee

Front

Maximum  dollar amount that can be charged on a credit card

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Credit limit

Front

Price you are paying for borrowing money

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Interest

Front

How can a cardholder avoid paying interest on a credit card? Options: Do not pay anything, Pay the minimum balance every month, Pay the minimum payment after its due date, Pay the balance in full every month

Back

Pay the balance in full every month

Front

Only making the minimum payment on a credit card every month will:

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take longer to pay off, which will result in paying more interest, more money.

Front

Paying credit card payments on time is:

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positive - good

Front

Your credit score determines how successful you will be in obtaining a loan

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True