The World of Credit Cards

What is the set cycle date for the Magna MasterCard?

• 22nd

• No set cycle date.

• 10th

• 9th

How is interest calculated and applied on purchases for the credit card?

• Once a transaction is done interest is applied to the account.

• Compound interest applied daily.

• Compound interest on average daily balance but applied on statement date if previous balance wasn't cleared in full by due date.

• Compound interest on average daily balance and applied immediately if previous balance wasn't cleared in full by due date.

Mary is a new credit card holder with us. She has been clearing her balance in full for each statement but fears she may not be able to do so come the 18th when her statement is due. She will be clearing more than the min pmt. What are the implications of not clearing in full just for this period as she will resume clearing in full for the subsequent statements?

• She will have interest on the next two statements.

• She will only have interest on the next statement.

• She will have no interest because she has been an excellent customer up to this point. Her history will waive the interest.

• Interest for the next 3 statements.

How are Magna points calculated and redeemed?

• $200 purchase before tax=$2 in rebate. Swipe the Magna rewards card at a Magna merchant for redemption.

• $200 purchase before tax=$1 in rebate. Swipe the Magna credit card anywhere for redemption.

• For every US$1 spent before tax=$2 in rebate. Swipe the Magna rewards card at Magna merchants for redemption.

• For every US$1 spent before tax=$2 in rebate. Rebate is applied in November to the Magna MasterCard.

Susan heard about the Gold MasterCard that we offer. She wants to confirm how much is earned on pharmaceuticals purchased at a supermarket.

• 4%

• 2%

• 3%

• 1%

When are the rebates for the Platinum MasterCard applied?

• January's statement

• November's statement

• October's statement

• Upon redemption

If a credit cardholder calls to inform us that they are travelling what do we do?

• Make the necessary notes in CAT and wish the customer safe travels.

• Update travel notes in TSYS, activate the card and wish the customer safe travels.

• Update travel notes in CAT, unblock pin attempts and wish the customer safe travels.

• Reset transaction attempts, update travel notes in TSYS and wish the customer safe travels.

Miles for the AAdvantage Visa card can be redeemed at the Contact Centre.

• True

• False

The Platinum MasterCard is issued in two currencies....JMD and USD.

• True

• False

Is there a cost to add a supplementary cardholder to our Visa Classic credit card?

• Yes. Check schedule of rates for cost.

• No. This is free

• No. No supplimentary cardholder can be added to this card.

• Yes. Supplimentary cards are at a set cost for all our credit cards.