4.2.1 Quizizz: Understanding Credit Cards

A popular method of purchasing ​ (a)   and services is to use a ​ (b)   . Credit cards are a smart choice for ​ (c)   shopping and for making ​ (d)   purchases.

• goods
• credit card
• online
• larger
• cash
• in-person
• smaller
• offline

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

​ (a)   can use credit cards at many different places for charges, ​ (b)   , and to make ​ (c)   transfers.

• Consumers
• cash advances
• balance
• Merchants
• ATM withdrawals
• In-person

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

CCSS.RI.8.3

Which 3 things helps determine your credit card spending limit?

• Credit Score

• Age

• Income

• Total Debt

• Education Level

Credit card holders receive a ​ (a)   account ​ (b)   that lists all of the items you ​ (c)   along with other ​ (d)   . Many credit card companies allow you to review your statement ​online and make payments by ​ (e)   of funds.

• monthly
• statement
• purchased
• transactions
• electronic transfer
• weekly
• invoice
• yearly
• receipts
• cash deposit

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

CCSS.RI.8.5

Match each section of the sample credit card with the correct discription.

• Electronic Chip

• 4

• Card Holder Name

• 3

• Account Number

• 2

• Experation Date

• 1

Match each section of the sample credit card with the correct discription.

• Hologram

• 5

• Magnetic Stripe

• 8

• CVV Security Code

• 7

• Owner Signature

• 6

• Bank Contact Information

• 9

Which things will you be asked for when applying for a credit card? (Select ALL that Apply)

• Name

• Address

• Social Security Number

• Income

• Credit References

Credit Card approval depends mostly on your credit score, your salary, and how long you have been on the job.

• True

• False

When you get your credit card, the first thing you should do is sign your name on the back in pencil.

• True

• False

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

CCSS.RI.8.3

If you do not have a credit history, you may still be able to get one of the following types of credit cards:

• Secured Card

• A card with your name on it but it is part of someone else’s credit card account. You can use it to make purchases. The primary card holder is the person responsible for paying the debt.

  
  

• Student Card

• A card in which you must give the company a cash deposit equal to the spending limit. You can use the card like any other credit card. Your are responsible for the debt.

• Authorized User Card

• To apply you must be at least 18 years old. You must have your own income. Your credit limit will depend on how much you make. You will be responsible for paying the debt.

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

CCSS.RI.8.5