Credit Cards Vocabulary

What word means "A yearly fee you have to pay"?

• Annual Fee

• Credit Score

• Principal

• Collateral

What word means "Money borrowed to buy something now, with the promise to pay for it later"?

• Capital

• Rebate

• Grace Period

• Credit

What word means "Partial refund of an amount spent"?

• Open-ended credit

• Rebate

• Grace Period

• Annual fees

What word means "Property pledged to assure repayment of a loan"?

• Annual Percentage Rate (APR)

• Credit Score

• Collateral

• Open-ended Credit

What word means "The cost of credit expressed as a yearly percentage"?

• Credit Score

• Principal

• Rebate

• Annual Percentage Rate (APR)

What word means "Allows you to pay your current balance without interest if you pay before the due date"?

• Grace Period

• Credit

• Collateral

• Annual fees

What word means "Amount borrowed; unpaid portion of amount borrowed"?

• Capital

• Open-ended credit

• Principal

• Annual fees

What word means "An agreement to lend borrower money up to a stated amount and to allow borrowing multiple times"?

• Credit Score

• Rebate

• Open-ended credit

• Capital

What word means "A rating to measure how trustworthy a lender is"?

• Annual fees

• Credit Score

• Grace period

• Principal

What word means "Property you possess that is worth more than your debts"?

• Credit Score

• Grace period

• Annual Percentage Rate (APR)

• Capital