8.1 Parts of a Credit Card & Credit Card Terms

Do you have the Glossary and Parts of a Credit Card reference sheet?

• Yes

• No

This is the percentage of the credit card balance that you are charged when using a credit card. It is also referred to as the Annual Percentage Rate (APR).

• Balance Due

• Credit Limit

• Interest Rate

• Late Payment Fee

The arrow is pointing to the...

• Account number

• Expiration Date

• Hologram

• Magnetic Strip

The amount of money owed on a credit card account is the ___________.

#9 in the picture of the credit card is the...

• Account Number

• Expiration Date

• Chip Number

• Verification Number

#7 in the picture of the credit card is the...

• Hologram

• Expiration Date

• Credit Card Chip

• Verification Number

Credit card companies charge this when a person doesn't pay their bill by the due date.

• Late Payment Fee

• Overdue Fee

• Annual Fee

• Due Date Fee

The credit card number is shown in the picture as...

• (3)

• (4)

• (6)

• (7)

A ________ is often used as an extra security feature to ensure that the card is not a fake card.

(Look at "Parts of a Credit Card")

• Signature

• Annual Fee

• Magnetic Strip

• Hologram

A credit card _____ is set by a credit card company which determines how much you can charge on your card.