Credit Cards vocabulary

A card that allows a person to make purchases and pay for it at a later time.

• A credit card

• A debit card

• A plastic card

• A loan card

There is a month and a year on every credit card. What's that?

• Issue date

• Expiration date

What do we call a person who owns a card?

• A cardowner

• A landlord

• A cardholder

• A tenant

The _____ code is the 3 or 4 small digits on a credit card.

• cardholder

• expiration

• validation

• verification

What's overdraft?

• When a person has spend the highest amount of money a credit card will allow you to.

• If you spend more than you have in your checking account.

• When you haven't used your credit card.

• When you don't have any money left on your bank account.

When you have a loan, or a credit card, the bank makes money by charging the cardholder

• credit

• debt

• loan

• interest

What is it called when a person owes a lot of money to a bank?

• to be in red

• to be in black

A score a person gets based on their loans, credit cards, and financial responsibility.

• loan score

• debt score

• credit score

• bank score

A good credit score is 500 points.

• TRUE

• FALSE

A good credit score is important when you rent an apartment or buy a car.

• TRUE

• FALSE