Credit Card Knowledge Quiz

Credit Card Knowledge Quiz

8th Grade

36 Qs

quiz-placeholder

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Credit Card Knowledge Quiz

Credit Card Knowledge Quiz

Assessment

Quiz

Life Skills

8th Grade

Hard

Created by

Meglynn Macdonald

Used 2+ times

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36 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does buying on credit mean?

Paying with cash

Borrowing money from the credit card issuer

Receiving a discount

Earning rewards points

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens if you pay back all the money within 25 to 30 days?

You have to pay extra fees

You avoid paying interest

You earn cashback

You increase your credit limit

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which two companies are the main types of credit cards mentioned?

American Express and Discover

Visa and MasterCard

PayPal and Venmo

Chase and Bank of America

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a unique feature of a credit card given out by a business?

It has no credit limit

It can only be used at that business

It offers higher rewards

It has lower interest rates

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step to get a credit card from a bank or business?

Provide credit references

Fill out an application form

Receive approval from the bank

Make a cash deposit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What factor is most important for a bank to approve a credit card application?

Your age

Your credit score

Your favorite color

Your marital status

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a requirement for applying for a student credit card?

Must be at least 18 years old

Must have a driver's license

Must own a car

Must have a passport

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