Credit

Front

The cost of borrowing money is referred to as

Back

Interest

Front

The amount charged if your payment is received after the billing due date.

Back

late payment fee

Front

The maximum amount you are allowed to carry as a balance on the card

Back

credit limit

Front

This is a fee that some, but not all, credit card issuers charge to use their credit card.

Back

annual fee

Front

The amount you must pay on a credit card, based on a percentage of the outstanding balance.

Back

minimum payment

Front

What does APR stand for?

Back

Annual Percentage Rate

Front

Your credit score is based on.....

Back

35% payment history

Front

A credit score of 800 is considered _____

Back

Amazing

Front

Is the type of car that you drive listed on your credit report?

Back

No

Front

Routinely paying your bills late could negatively affect your credit history.

Back

True