Credit Card Vocabulary
Flashcard
•
Mathematics
•
12th Grade
•
Practice Problem
•
Hard
+6
Standards-aligned
Wayground Content
FREE Resource
Student preview
15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Balance
Back
The amount that still needs to be paid to the credit card company.
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
2.
FLASHCARD QUESTION
Front
Billing Cycle
Back
The time between billing statements, usually 28-31 days.
3.
FLASHCARD QUESTION
Front
Annual Fee
Back
A yearly fee that may be charged for having a credit card, independent of how you use the card.
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
4.
FLASHCARD QUESTION
Front
Credit Limit
Back
The maximum amount of money you can borrow with one card.
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
5.
FLASHCARD QUESTION
Front
Interest Rate
Back
The cost of credit; the rate charged for borrowing money usually expressed as a percent of the amount borrowed.
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
6.
FLASHCARD QUESTION
Front
Cash Advance
Back
A service provided by credit card issuers that allows cardholders to withdraw cash, usually at a high-interest rate.
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
7.
FLASHCARD QUESTION
Front
Creditworthiness
Back
An assessment of a borrower's ability to repay debt, often determined by credit score.
Tags
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
CCSS.RI.9-10.4
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