Module 2- Credit 101 - Section 2 Quiz

A card that holds your own money

A way to get free stuff from the bank

A tool that lets you borrow money to make purchases

A special kind of debit card

Your credit limit increases

You’re charged interest

Your balance is erased

You get more reward points

The minimum amount you have to spend

The total amount of money you earn

The maximum amount you can borrow on a card

The number of cards you’re allowed to have

Like free money

Like cash—only spend what you can pay off

Like a gift card

Like a reward machine

You earn more rewards

You avoid paying interest

Your credit limit resets

You get a new card

To avoid overspending

To earn bonus points

To raise your credit score

Both A and C

Just try to remember the due date

Only use the card once a month

Set up autopay or calendar reminders

Pay only the minimum due

Open 5 cards at once

Get added as an authorized user on a parent’s card

Share your PIN with a friend

Wait until you’re 30

Posting your card info online

Sharing your security code with a best friend

Shopping on “http” websites

Reviewing your monthly statements

You have to use your whole credit limit

They make people overspend

Interest can cancel them out if you carry a balance

Both B and C