Credit Cards
Flashcard
•
9th Grade
•
Practice Problem
•
Easy
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10 questions
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1.
FLASHCARD QUESTION
Front
The APR is the same as _______________.
Back
interest
2.
FLASHCARD QUESTION
Front
Having a grace period means _________________________.
Back
having time to pay back the money you owe
3.
FLASHCARD QUESTION
Front
Your creditworthiness is based on ____________________, _____________________, _________________________.
Back
All answers are correct
4.
FLASHCARD QUESTION
Front
An annual fee is ___________________________.
Back
the price you have to pay for a card every year
5.
FLASHCARD QUESTION
Front
The introductory rate is _____________________________.
Back
the low interest rate you will pay for a short time
6.
FLASHCARD QUESTION
Front
The credit limit is ________________________.
Back
the most you can spend on the card
7.
FLASHCARD QUESTION
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
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