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Credit Card Flashcard

Credit Card Flashcard

Assessment

Flashcard

Other

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

Student preview

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19 questions

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1.

FLASHCARD QUESTION

Front

What does APR stand for?

Back

Annual Percentage Rate

2.

FLASHCARD QUESTION

Front

A high FICO score means you have better credit than someone with a low FICO score.

Back

True

3.

FLASHCARD QUESTION

Front

The least amount that must be paid on a credit card each month is

Back

Minimum Payment

4.

FLASHCARD QUESTION

Front

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

Back

Pay the balance in full every month

5.

FLASHCARD QUESTION

Front

Grace Period - The time allowed to pay your balance without being charged a finance charge. Usually 25 to 30 days.

Back

True

6.

FLASHCARD QUESTION

Front

Credit cards can help you build a credit history that will improve your chances of getting house or car loans in the future.

Back

True

7.

FLASHCARD QUESTION

Front

The three major institutions that keep credit records on individuals and businesses are _____, ______, and ______.

Back

Equifax, Experian, Trans Union

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