Credit Cards

Front

The APR is the same as _______________.

Back

interest

Front

Having a grace period means _________________________.

Back

having time to pay back the money you owe

Front

Your creditworthiness is based on ____________________, _____________________, _________________________.

Back

All answers are correct

Front

An annual fee is ___________________________.

Back

the price you have to pay for a card every year

Front

The introductory rate is _____________________________.

Back

the low interest rate you will pay for a short time

Front

The credit limit is ________________________.

Back

the most you can spend on the card

Front

The benefits of having a credit card might be ___________________, _______________________, and ______________________.

Back

cash back, discounts at stores, having an option for money if you don't have it saved

Front

A late fee is _______________________

Back

the penalty you pay for making the payment after the deadline

Front

The best way to spend on a credit card (if you can) is _________________________________________.

Back

to spend very little on it and always pay off in full

Front

The worst way to work with a credit card is to ___________________________.

Back

max out the credit limit and pay only the minimum payment