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WorksheetsCredit Card Loan
Total questions: 13
Worksheet time: 8mins
Name
Class
Date
1.
Which one of these cards will offer you a loan on demand?
a)
Charge Card
b)
Debit Card
c)
Bonus Card
d)
Credit Card
2.
Could you find this symbol on a regular credit card?
a)
Yes, of course!
b)
No.
3.
Charged when a cardholder does not make the minimum monthly payment by the due date:
a)
APR
b)
Late-Payment Fee
c)
Annual Fee
d)
Over-The-Limit Fee
4.
The cost of credit expressed as a yearly interest rate:
a)
APR
b)
Credit Limit
c)
Annual Fee
d)
Introductory Rate
5.
The maximum amount of charges allowed to an account:
a)
APR
b)
Credit Limit
c)
Annual Fee
d)
Introductory Rate
6.
People under the age of 18 can never receive a credit card.
a)
True
b)
False
c)
Only if it's a prepaid card.
7.
How can you avoid paying interest fees on your credit card?
a)
Only use it for groceries.
b)
Pay off the full balance on time, each month.
c)
You cannot avoid interest fees.
d)
Only use contactless payment.
8.
Which one is NOT a benefit of having a credit card?
a)
Raises standard of living.
b)
Convenient
c)
Interest
d)
Increases financial options.
9.
Which one is a disadvantage of having a credit card?
a)
No cash needed.
b)
Build your credit history.
c)
Could ruin credit history.
d)
Cannot influence your credit history.
10.
A record of all your credit purchases and payments is called a(n):
a)
Credit Bureau
b)
Capital Amount
c)
Credit History
d)
Available Credit Amount
11.
The amount you must pay on your credit card each month is called a(n):
a)
Available Credit Amount
b)
Minimum Payment
c)
Interest Rate
d)
Cash Advance
12.
Real estate is a common security for credit card companies in Germany.
a)
Sure!
b)
No!
13.
What is a credit card loan needed for?
a)
To consolidate of credit card debt.
b)
To increase your credit score.
c)
To increase your litness.
d)
To impress your bank clerk.
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