Reading Quiz: How many credit cards should you have?

What do some people use their credit cards for?

• Only for emergencies

• For everything - food, clothes, gas, utility bills, and rent

• For travel expenses only

• For online shopping only

Tags

CCSS.RI.5.9

CCSS.RI.6.2

CCSS.RL.5.2

CCSS.RL.6.2

CCSS.RL.7.2

What happens when the bills arrive for people who have too many credit cards?

• They can easily pay them off

• They sometimes can't afford the minimum payments

• They get a discount on their bills

• They receive rewards points

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CCSS.RI.4.5

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

What is a problem for people with too many credit cards?

• It's difficult to keep track of so many cards

• They get more rewards

• They have lower interest rates

• They can use them for more purchases

Tags

CCSS.RI.4.5

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

What makes store credit cards attractive?

• They offer a 10-15 percent discount and other discounts

• They have no interest rates

• They can be used at any store

• They offer free gifts

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CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.6.8

CCSS.RI.7.5

CCSS.RI.7.8

What should you ask before opening a store credit card?

• How many rewards points will I get?

• What is the interest rate on the card?

• Can I use it for online shopping?

• Will it improve my credit score?

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CCSS.RI.1.1

CCSS.RI.2.1

CCSS.RI.3.1

CCSS.RL.2.1

CCSS.RL.3.1

What is an advantage of using a store credit card?

• You can use it at any store

• You get a discount at your favorite store

• You don't have to pay it off immediately

• You get free travel insurance

Tags

CCSS.RI.6.2

CCSS.RI.7.2

CCSS.RL.6.1

CCSS.RL.6.2

CCSS.RL.7.1

What shouldn’t you do with a store credit card?

• Use it frequently

• Pay off the balance immediately

• Ignore the interest rates

• Use it for discounts

Tags

CCSS.RI.5.5

CCSS.RI.6.3

CCSS.RI.6.5

CCSS.RI.7.3

CCSS.RI.7.5