Credit Cards

Why is there a small microchip on the front of a credit card? Check all correct answers.

• Prettiness

• Extra security

• To prevent fraud

• It's popular

Fraud means ________________

• to treat someone

• to help someone

• to trick someone

• to hit someone

Credit cards allow you to ___________ money from a bank to make purchases.

• borrow

• earn

• interest

Tags

CCSS.7.RP.A.3

True or False: you can have the same credit card account as a stranger.

True or False: your account number allows the bank to keep track of the money you borrow?

The ____________ date, lets you know how long you can use the card for.

• limit

• interest

• void

• expiration

Your credit limit tells you how much money you can __________ from a bank to make purchases.

• interest

• earn

• borrow

What does CVV stand for?

• Credit Verified Verification

• Card Verification Value

• Credit Value Verification

• Card Verified Verification

True or False: when you purchase something online or by phone, you will be asked for the 3-digit CVV?

If you do not pay back all of the money you borrowed within 25-30 days, you will be charged ___________.

• candy

• accounts

• interest

Tags

CCSS.HSA.SSE.A.1