Credit Quiz #1

The best credit cards can only be obtained after you have done what?

• Established a good credit history.
• Just started and do not have any bad marks.
• After you have missed some payments.

When you are starting out, this makes it easier to get a credit card.

• Security Deposit
• A Car
• An Apartment
• Monkeys

Your first credit card can ________________ or _______________ your credit.

• Build / Ruin
• Increase / Develop
• Establish / Move

You should check the _____________ BEFORE you get the card.

• Rates
• Colors
• Benefits
• Plan

If you pay at the right time, these are avoidable on credit cards.

• Fees
• Mailings
• Benefits
• Drafts

In addition to fees, if you pay at the right time, these are avoidable on credit cards.

• Interest
• Mailings
• Benefits
• Drafts

You can and should pay ___________ than the minimum on credit cards.

• More
• Less
• Just
• Monkeys

Paying your bill late comes at a what?

• Very high price.
• Tough time.
• Low Cost

If you max out your cards or get close to your credit limit what effect does it have on your score?

• It lowers your score
• It raises your score
• It does nothing to your score

Credit fraud is not as difficult to deal with as it used to be.

• true
• false