What is Credit Card?

What did Timothy do when he first received his credit card?

• a. buy Gamestation 3

• b. ask Moby whether it is legal

• c. sign behind the credit card

• d. pay the balance

Buying stuff with credit cards is kind of like having a _________________

• special price

• special promotion

• special loan

• special relationship

Who are the credit providers? (Tick 2 answers)

• banks

• business companies

• parents

• credit card companies

The amount of money the credit providers allow us to spend is called __________

• credit limit

• balance

• credit card

• interest

What are the information that you DO NOT get after scanning the credit card?

• User's name

• User's account number

• User's marital status

• User's credit limit

What the cashier should do if the scanner to scan the credit card doesn't work?

• Type the number in front of the card

• Type the amount of money the customer has spent

• Type a complaint

• Ask the customer to pay using cash

The purchases the customer has made on the card and the total amount of money he/she owns is called _______________.

• credit card provider

• credit limit

• balance

• interest

If the customer pays full balance by the due date every month, he/she doesn't have to pay _____________.

• credit limit

• balance

• interest

• anything

If the customer didn't pay at least the minimum payment for the balance, he/she will be charged with ___________

• credit limit

• balance

• interest

• late fee

If the customer is late with a couple of payments, what will happen?

• The credit limit will increase a lot

• The interest rate goes way up

• The complaint will be received

• The fine will be charged