Credit Cards Vocab

Can I pay.............. credit card?

You’re deciding how to pay.

• We’re ready to order.

• Do you accept credit cards?

• We’ll take the check, please.

• Excuse me!

Another trick is to encourage customers to pay with credit cards, not ____.

If you ____ paying by card, you will probably spend less.

If you make a late payment to your credit card, banks will charge you a ​ (a)   .

• fee

• interest

• balance

• income

• debt

What is a credit card sale?

• A sale in which cash is used for the total amount

• A sale in which a credit card is used for the total amount of the sale at the time of the transaction

• A sale in which a check is used for the total amount

• A sale in which a debit card is used for the total amount

What is the primary purpose of a credit card?

• To store money

• To borrow money for purchases

• To earn interest

• To save money

Which term describes the maximum amount you can charge on your credit card?

• Credit limit

• Interest rate

• Minimum payment

• Annual fee

What does APR stand for in credit card terms?

• Annual Percentage Rate

• Annual Payment Rate

• Annual Penalty Rate

• Annual Purchase Rate

What is a common consequence of missing a credit card payment?

• Increased credit limit

• Lower interest rate

• Late fee

• Cashback rewards