Credit Cards

The APR is the same as _______________.

• interest

• credit limit

• discounts

• annual fee

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Having a grace period means _________________________.

• you need to pay right now

• having time to pay back the money you owe

• how much your late fee is

• how much the credit limit is

Your creditworthiness is based on ____________________, _____________________, _________________________.

• how much in loans you already have

• how much income you have

• what your payment history is like

• All answers are correct

An annual fee is ___________________________.

• how much you pay in interest

• the price you have to pay for a card every year

• the penalty you pay for being late

• always $50

The introductory rate is _____________________________.

• the low interest rate you will pay for a short time

• how much you pay every year just for having the card

• how much your credit limit is

• the time you have before you have to pay back the money

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

The credit limit is ________________________.

• the most you can spend on the card

• the least you can spend on the card

• always $1000

• how much you pay for a late fee

The benefits of having a credit card might be ___________________, _______________________, and ______________________.

• cash back

• discounts at stores

• having an option for money if you don't have it saved

• All of the answers are correct

A late fee is _______________________.

• how much you pay every year for having the card

• the penalty you pay for making the payment after the deadline

• your credit limit

• always $50

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

The best way to spend on a credit card (if you can) is _________________________________________.

• to spend very little on it and always pay off in full

• max out your credit limit

• make the minimum payments

• be late on the payments

Tags

CCSS.RI.7.3

CCSS.RI.8.3

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

The worst way to work with a credit card is to ___________________________.

• use less than 50% of the credit limit

• pay more than the minimum payment (if you can)

• pay off the balance in full (if you can)

• max out the credit limit and pay only the minimum payment

Tags

CCSS.6.RP.A.3C