Free Printable Credit Cards

Worksheets

Credit Cards

Total questions: 20

Worksheet time: 10mins

Name

Class

Date

With a credit card you can _______ your purchase instead of using cash for the things you buy.

charge

carge

charje

charg

VISA, Discover, American Express and Mastercard are _______.

some major credit card companies

all of the credit card companies

some minor credit card companies

great places to eat

Credit cards are good for emergencies.

True

False

Each month you will get a ______ that will tell you how much you have charged on your credit card.

statement

statemint

statment

statmint

stately

If you pay off your credit card balance every month you won't have to deal with _________.

interest charges

intrst charges

interist charges

internship charges

Interest is a fee you pay to the credit card company if you pay less than you owe.

True

False

It is easy to get carried away when you pay with a credit card instead of cash.

True

False

Credit is a way to buy now and pay later.

True

False

Using a credit card is like taking out a loan.

True

False

10.

It's easy to get into trouble using a lot of credit cards.

True

False

11.

Some stores issue credit cards.

True

False

12.

Using a credit card is more dangerous than carrying a large amount of cash.

True

False

13.

You may need a credit card to get _______. (More than one correct answer)

airline tickets

hotel rooms

rental cars

theme park tickets

14.

If you pay your credit card bill late you will be charged a _________.

fee

feee

few

15.

Why would your credit provider give you a credit limit?

To remind you to pay your bill on time.

To prevent you from enjoying the things you buy.

To prevent you from spending more money than you can pay back.

To prevent you from shopping in certain places.

16.

How do credit card companies make money?

By charging late fees and interest to their customers.

By making you pay an extra dollar on every purchase.

By charging late fees and interest to stores and other businesses.

By earning interest on the money they have saved up.

17.

How is charging a purchase like getting a loan?

You borrow money from your credit provider.

You borrow money from the store in order to pay your credit provider.

You borrow money from an ATM in order to pay your credit provider.

18.

Benefits of credit cards include:

safe and convenient, bonuses are offered

allows you to build a positive credit report

needed for reservations and online shopping

all of these

19.

Examples of penalty fees include:

over-the-limit fee

late payment fee

returned payment fee

all of these

20.

How can a cardholder avoid paying interest on a credit card?

Do not pay anything

Pay the minimum payment after its due date

Pay the minimum balance every month

Pay the balance in full every month

Reset

Credit Cards

Total questions: 20

Worksheet time: 10mins

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