Credit Card Flashcard

Front

A three-digit number that determines how financially responsible you are:

Back

Credit Score

Front

A history of making your payments on time that will boost your score:

Back

Payment History

Front

Allows a person to borrow a limited amount from a provider:

Back

Credit Card

Front

An amount owed on an existing line of credit:

Back

Balance

Front

The total amount of money you can borrow is called:

Back

Credit Limit

Front

The percent charged on the amount you owe is called:

Back

Interest Rate

Front

A detailed list of your credit usage history:

Back

Credit Report

Front

The minimum amount owed each month to keep your credit in good standing:

Back

Minimum monthly payment

Front

The amount a person has borrowed is called:

Back

Principal

Front

A card where you can spend your own money from your checking account:

Back

Debit Card