Credit Credit 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

One of the C's of credit that shows a person's willingness to pay is

Back

character

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

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

Back

all of these

Front

Which one is considered a danger of using a credit card: no cash needed, leads to overspending, convenient, earns rewards?

Back

leads to overspending

Front

A plastic card that you use to access a line of pre-established credit is called:

Back

credit card

Front

Which of the following does NOT contribute to your credit score? Payment history, Amount owed, Where you live, Length of credit history

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Where you live