Getting a Credit Card Quiz

What is the interest rate that a user of a credit card will pay? It's different for different credit cards.

• credit

• APR

• finance charge

• minimum payment

Making purchases now and paying for them later refers to...

• principal

• creditor

• debit

• credit

What is the card you use to make purchases and pay for them later?

• credit card

• debtor

• interest rate

• debit card

What do you call a bank or business that extends credit to others?

(a lender)

• banker

• debtor

• creditor

• credit card technician

What is the card you use to make purchases? It instantly deducts money from your checking account

• checking card

• credit card

• ATM card

• debit card

What do you call someone who owes money (a borrower)?

• banker

• lender

• creditor

• debtor

What is a fee for borrowing money (added to monthly credit card bill)?

• minimum payment

• principal

• finance charge

• APR

What is a fee (percentage) a borrower pays to use a creditor's money?

• interest rate

• minimum payment

• finance charge

• bill

What is temporary interest rates advertised as a low APR to persuade customers to apply for a credit card?

• introductory rate

• APR

• credit

• debit

What are fees added to your credit card bill if the cardholder doesn't make at least the minimum payment by the dur date?

• principal

• minimum payment

• late fees

• debtor