Understanding Credit Cards in 2024

Understanding Credit Cards in 2024

12th Grade

14 Qs

quiz-placeholder

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Understanding Credit Cards in 2024

Understanding Credit Cards in 2024

Assessment

Quiz

Special Education

12th Grade

Practice Problem

Medium

Created by

John Sullivan

Used 1+ times

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14 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the benefits of using a credit card with flexible rewards?

Higher interest rates

Travel points

Limited credit

No rewards

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the welcome bonus for the Chase Sapphire Preferred® Card?

$100

$200

$300

$400

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of a credit card with cash back?

To increase debt

To offset expenses

To limit spending

To charge higher fees.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: The best credit card for travel rewards often offers ______ points.

Cash

Travel

Shopping

Dining

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many bonus points do you earn with the Chase Sapphire Preferred® Card after spending $4,000 in the first three months?

50,000

60,000

70,000

80,000

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many bonus points do you earn with the Chase Sapphire Reserve® after spending $4,000 in the first three months?

50,000

60,000

70,000

80,000

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Chase Sapphire Preferred® Card offers up to $300 in statement credits on Chase Travel℠ purchases within your first year. True or False?

True

False

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