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Understanding Credit Cards Quiz

Authored by Steven Davis

Mathematics

9th - 12th Grade

10 Questions

Used 2+ times

Understanding Credit Cards Quiz
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a credit card tied to?

Savings account

Revolving credit account

Checking account

Investment account

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the maximum amount of money you can borrow at a time called?

Credit score

Grace period

Credit limit

Interest rate

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the annual cost of borrowing money called?

Grace period

Interest rate

Credit score

Credit limit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the recommended percentage of available credit to use to keep your credit score high?

50%

10%

70%

30%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the safest way to shop online in terms of payment method?

Check

Credit card

Debit card

Cash

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of credit card rewards give you miles for airline and hotel purchases?

Cash back

Travel rewards

Zero percent introductory APR

Balance transfer

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What will reimburse you if something you bought with the card is damaged or stolen?

Travel rewards

Purchase protection

Cash back

Zero percent introductory APR

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