rent or buy?

The least amount that must be paid on a credit card each month is

• Minimum Payment
• Late Fee
• Credit Limit
• money time

How can a cardholder avoid paying interest on a credit card?

• Pay the balance in full every month
  
• Pay the minimum payment after its due date
• Do not pay anything
• Pay the minimum balance every month

Only making the minimum payment on a credit card every month will:

• lower the amount total paid for the purchase
• take longer to pay off which will result in paying more interest, more money!
• pay off the credit card faster

It is best to pay more than the minimum due on your credit card.

• True
• False

It would be best to have a high credit score

• True
• False

A credit report is a report showing a borrower's history of how well they paid their bills.

• True
• False

A credit card is

• Pre-approved credit which can be used for the purchase of goods and services now and payment of them later
• Credit which must be repaid in a series of equal payments
• A plastic card that is electronically connected to the cardholder's bank account
• None of the above

A fee a bank, credit card, or lender charges to purchase something & pay for it over time

• Dividend

• Interest

• Credit

• Finance Rate

Tags

CCSS.7.RP.A.3

the sticker that goes on a license plate

• tag
• title
• tax

insurance that pays for damage you cause to another person's vehicle

• collision
• liability