WorksheetsCredit Cards
Total questions: 19
Worksheet time: 6mins
A credit card represents
A Line Of Credit
Free Money
Is The Same As A Debit Card
All Of The Above
A line of credit is?
How many credit cards you have?
A set amount of money that you are allowed to borrow
The money you have in your bank account
None of the above
Falling into serious credit card debt
Only happens to those that lose their jobs
rarely happens to people
Can easily occur and happens to millions of Americans
None of the above
The way you can stay out of credit card debt is
By limiting the number of credit cards you have
Don't buy anything you can't afford
By keeping track of your balance
All of the above
The advantage of a credit card is the
Purchase protections
Recorder keeping ability
Lost or stolen safeguards
All of the above
The main reason why people fall into serious credit card debt is
Irresponsible spending habits
Because they don't make enough money
Because they lose their job
All of the above
When shopping around to obtain a credit card, it is important to make sure it has
high interest rate
Fancy perks and rewards program
A high popularity rating
Low interest rates and low fees
When you have a credit card you should
Use it often for cash advances
Buy what you need and want
Only buy what you can afford
All of the above
A fee that you have to pay every year for using the credit card
Foreign Transaction Fee
APR
Annual Fee
Cash Advance Fee
This fee occurs when you buy something in another country
APR
Cash Advance Fee
Over-the-limit fee
Foreign Transaction Fee
A fee that you are charged if you are late with a credit card payment
APR
Late Fee
Cash Advance Fee
Over-the-limit Fee
The amount of interest that is charged on a balance of a credit card
Foreign Transaction Fee
Over-the-limit Fee
Annual Fee
APR
This is a charge for times when you go over your maximum credit card limit
APR
Late Fee
Over-the-limit Fee
Cash Advance Fee
A fee that you have to pay when you withdraw cash with your credit card
Foreign Transaction Fee
Cash Advance Fee
APR
Late Fee
Although credit cards have many advantages, they can also be extremely dangerous
True
False
Credit cards are not easy to obtain
True
False
Everyone needs and should have a credit card
True
False
There are many fees and possible penalties when having a credit card
True
False
The lower the APR credit card, the better it is for the card holder
True
False
