Intro to Business Credit Cards

What is the name of this credit card?

• Using Student Accounts

• Test Drive

• Surge Credit Card

• H&R Block

When is the payment due?

• 7/03/15

• 7/12/15

• 7/03/18

• 7/12/18

What is the credit limit?

• $1,000.00

• $654.50

• $345.50

• $15.00

When was the bill issued?

• 7/12/15

• 3/13/18

• 12/01/17

• 7/03/15

What is the current balance?

• $0

• $1,000.00

• $654.50

• $345.50

What is the maximum amount each billing period this person should charge in order to build his credit?

• 10% of credit limit

• 20% of credit limit

• 30% of credit limit

• 50% of credit limit

How much was charged in fees in the last billing cycle?

• $0

• $15

• $334.25

• $654.50

What was the most expensive new charge during the previous billing cycle?

• $65.28

• $95.28

• $15.00

• $654.50

Which of the following is a consequence of paying your credit card bill late?

• Increased credit limit

• Decreased credit limit

• Decreased interest rate

• Increased time to pay

Credit cards are never a good idea to have.

• True

• False