WorksheetsCredit Card Terms
Total questions: 28
Worksheet time: 14mins
To be officially approved
authorized
Credit limit
establish
fraud
Unique number given to a credit card customer
authorized
fraud
account number
credit history
The amount owed
Gross monthly income
Late fee
FICO
balance
An amount of money that is owed to another person, bank or business
merchant
transaction
debt
creditor
A person or business to whom money is owed
creditor
Credit history
Credit limit
FICO
A record of a person’s debt
Magnetic stripe
creditor
merchant
Credit history
A device merchants use to process credit cards
credit history
magnetic strip
fraud
credit card machine
Maximum amount a person may charge on a credit card
credit limit
credit history
merchant
FICA
Information given by a person or a business about how someone uses their credit
balance
debt
Credit reference
fraud
A number that shows how creditworthy a person is
establish
credit score
Late fee
microchip
The date by which a payment is due
credit history
Due date
fraud
NFC
To begin, create or set up
account humber
credit history
establish
credit reference
Fair Isaac Corporation
FICO
NFC
FRID
FOCI
The tricking of someone in order to cheat
fraud
security
FICO
NFC
Total amount earned before any tax deductions
Gross monthly income
Credit limit
Late fee
Minimum payment
Near field communication; wireless technology that lets two devices communicate and share data
KFC
NFC
NFL
AFC
The amount of money added if a payment is not made on time
gross monthly income
interest
late fee
lender
A person, bank, or business that loans money
FICO
lender
microchip
security
A strip of magnetic information found on the back of a credit card.
NFC
transaction
FRID
Magnetic stripe
A company that processes credit card transactions
VISA
FICA
NFC
FRID
A small, thin piece of material with tiny electronic parts
microchip
magnetic strip
primary
account number
Lowest amount of money customer is required to pay
Gross monthly income
merchant
minimum payment
interest
A percentage of money that is owed on top of money borrowed
interest
fraud
minimum payment
debt
The amount of money added if a payment is not made on time
fraud
microchip
transaction
late fee
A three digit number on the back of a credit card
NFC
security code
FICO
account number
Radio frequency identification; sends very short radio signals
RFID
FRIDGE
NFC
NFL
The sales amount before taxes, shipping, or discounts are applied to an order
minimum payment
debt
balance
subtotal
A business exchange between a cardholder and a merchant
transaction
VISA
subtotal
credit score
