credit card

What does APR on a credit card stand for?

• Annual Percentage Rate
• Annual Percent Return
• Annual Proportion Revenue

What is the advantage of paying your credit card balance in full each month?

• You will incur only a small "paid in full" fee on your next credit card statement.
• You pay only a small amount of interest.
• You have less of your credit limit available, therefore, less temptation to spend.
• You avoid paying any interest and fees.

What is the Purchase APR after the intro offer for this card?

• 0%
• 15.99% - 24.99%
• 14.99% - 23.74%
• 3% - 5%

If you choose to take out a cash advance of $2000, what fee would you have to pay?

• $5
• $50
• $100
• 3% of each transaction

If Suzy choose to charge $250 next month and then only make the minimum payment, what interest rate would she be charged for the month?

• 0%
• 3%
• 36%
• She would not be charged.

How much can Suzy still charge?

• $30
• $500
• $1000
• $1500

How much does Suzy have to pay this pay cycle to avoid a late fee?

• $30
• $500
• $1000
• $1500

How confident would you be in your ability to use your credit card effectively if you were to get one tomorrow?
(Not confident :( = 1, Super confident! = 5)

• 1
• 2
• 3
• 4
• 5

Which of the following is NOT an effect/result of having too much debt?

• Inability to keep up with normal expenses from paycheck to paycheck.
• Getting caught in a cycle of taking on new debt to pay off old debt.
• Stress over constant financial worries.
• Improvement of a person's credit score.

Which of these ways to collect debt results in money being automatically taken from your pay check to pay for outstanding debt before you get your net pay?

• Repossesion
• Wage Garnishment
• Leins
• Collection Agency