Credit Card Loan

Which one of these cards will offer you a loan on demand?

• Charge Card
• Debit Card
• Bonus Card
• Credit Card

Could you find this symbol on a regular credit card?

• Yes, of course!
• No.

Charged when a cardholder does not make the minimum monthly payment by the due date:

• APR
• Late-Payment Fee
• Annual Fee
• Over-The-Limit Fee

The cost of credit expressed as a yearly interest rate:

• APR
• Credit Limit
• Annual Fee
• Introductory Rate

The maximum amount of charges allowed to an account:

• APR
• Credit Limit
• Annual Fee
• Introductory Rate

People under the age of 18 can never receive a credit card.

• True
• False
• Only if it's a prepaid card.

How can you avoid paying interest fees on your credit card?

• Only use it for groceries.
• Pay off the full balance on time, each month.
• You cannot avoid interest fees.
• Only use contactless payment.

Which one is NOT a benefit of having a credit card?

• Raises standard of living.
• Convenient
• Interest
• Increases financial options.

Which one is a disadvantage of having a credit card?

• No cash needed.
• Build your credit history.
• Could ruin credit history.
• Cannot influence your credit history.

A record of all your credit purchases and payments is called a(n):

• Credit Bureau
• Capital Amount
• Credit History 
• Available Credit Amount