Credit Cards

Front

How is charging a purchase like getting a loan?

Back

You borrow money from your credit provider.

Front

The cost of credit expressed as a yearly interest rate is known as:

Back

Annual Percentage Rate (APR)

Front

The maximum amount you may borrow on a credit card is known as:

Back

credit limit

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

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

Front

You have a choice between two credit cards: American Express 8.99% or Chase Sapphire 12.99%. Which card offers the better rate?

Back

American Express