Credit Review

annual _____ rate

The amount of money you owe the credit card company at that given time

• bill

• statement balance

• credit limit

• balance

Ability to obtain goods and services before payment, based on trust that payment will be made in the future

• buy now pay later

• credit

• loan

• interest

The amount of credit extended to the borrower is called what?

A bonus provided to credit card customers when they use their cards to make purchases.

• Help build credit score

• Cash Back

• buy now pay later

• bad credit

interest is money paid regularly at a particular _____ for use of money lent.

Credit scores range from 300-850. The higher your score, the lower _____ _____ you will have.

Debt means something that is owed.

• TRUE

• FALSE

The minimum monthly payment you can make to keep your card in good standing.

• cash back

• interest rate

• minimum payment

• minimum balance due

If I pay my balance in full, I will NOT be charged interest.

• TRUE

• FALSE