Credit Cards

Front

maximum you can borrow on a credit account?

Back

Credit Limit

Front

What is the worst way to make credit card payments?

Back

Pay Minimum payment and carry a balance

Front

What is wrong with making a minimum payment?

Back

huge interest charges

Front

What does APR stand for?

Back

Annual percentage rate

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

How can a cardholder avoid paying interest on a credit card?

Back

Pay the balance in full every month

Front

The credit company can charge interest if the credit card bill is not paid in full by the due date

Back

True

Front

It is best to pay more than the minimum due on your credit card.

Back

True

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