Credit Cards

Interest rate charged for balances on a credit card.

• APR

• Principal

• Collateral

• Fees

Tags

CCSS.7.RP.A.3

Users can earn rewards like cash back or points toward travel

• Credit

• Debit

• Both

This card is linked to a checking account

• Credit

• Debit

• Both

Customers spend the money in their accounts at the time of purchase

• Credit

• Debit

• Both

Users borrow money on the card and pay it at a later time

• Credit

• Debit

• Both

Interest may be charged.

• Debit card
• Credit card
• Both

What does APR mean?

• Average Person Ratio
• Annual Percentage Rate
• Always Poke Robots
• Apples Peas & Rice

Tags

CCSS.7.RP.A.3

What is a good way to build credit?

• Get a co-signer for a loan
• Only use cash
• Use checks everywhere

Each purchase is a loan that is repaid later.

• Debit Card
• Credit Card

Amount charged if your payment is received after the billing date

• late payment fee
• overdue fee
• withdrawal fee
• loser fee