Credit Card

Front

What is a credit card?

Back

a small plastic card issued by a bank, business, etc., allowing the holder to purchase goods or services on credit.

Front

What was talked about in the article "No money, Mo Problems?"

Back

How money affects lower income families.

Front

What is an annual fee?

Back

A fee charged by a card issuer for being a card holder.

Front

What is a finance charge?

Back

The amount of interest charged to an account for the billing cycle.

Front

What is an example of cash advance? Options: Asking your siblings for money., Getting your paycheck early., Going to the ATM, Going to the store and getting cash back from your credit card.

Back

Going to the store and getting cash back from your credit card.

Front

What is a grace period?

Back

The time allowed to pay your balance without being charged.

Front

Annual Percentage Rate (APR) is the yearly percentage rate of the finance charge.

Back

True

Front

An interest rate is?

Back

The yearly percentage rate of the finance charge.

Front

What is a fixed rate?

Back

A fixed annual percentage rate of the finance charge.

Front

A variable rate is a rate that does not increase or decrease, but stays the same.

Back

False