joes credit quiz

What is one advantage of having a credit card?

• It prevents you from spending more than you earn.
• It allows you to make purchases without carrying lots of cash.
• It encourages you to budget your money wisely.
• It helps you pay off debts that you may have.

annual fee

• the amount of money owed on a credit card

• money that is owed to someone else

• the least amount of money you can pay to keep a credit card active

• a charge from a credit card each year for use of that credit card

Balance

• a charge from a credit card company each year for use of that credit card

• the maximum amount of money a customer is able to borrow from a company

• money that is owed to somone else

• the amount of money owed on a credit card amount

credit score

• benefits offered by some credit card companies that includes a small percentage of cash back

• a number assigned to a person that indicates to lenders the persons ability to repay a loan

• borrowed money that you can use to purchase goods and services with an agreement to pay back the money over time

the amount of money owed during that particular billing cycle that month in order to avoid an interest charge

• debt

• statement balance

• due date

• debit card

the least amount you can pay to keep a credit card alive

• debt

• interest rate

• minimum payment

• debit card

fee charged by a company if a customer does not pay there bill by the due date

• late payment fee

• annual fee

• early payment fee

• credit

the percentage of credit card balance that a customer is charged when using a credit card if the balance is not paid in full

• late payment fee

• credit card rewards

• interest rate

• annual feel

the day a payment is due each month

• interest rate

• debt

• date due

• due date

money that is owed to someone else

• minimum payment fee

• due date

• debt

• det