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CREDIT CARD

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

What is one benefit of using a credit card?

a)

Easy to get into debt

b)

Provides a means for credit

c)

Risk of fraud

d)

Costs more money

2.

How can a credit card help you get cash quickly?

a)

Purchase protection

b)

Cash advance

c)

Interest charges

d)

Annual fee

3.

What happens if you pay your credit card bill on time?

a)

You pay interest

b)

You get more credit

c)

No interest charges

d)

Risk of fraud

4.

Which of these is easier to use than cash?

a)

Annual fee

b)

Credit card

c)

Interest charges

d)

Risk of fraud

5.

What kind of protection does a credit card offer for your purchases?

a)

Cash advance

b)

Easier to use

c)

Purchase protection

d)

Interest charges

6.

What is a problem with using a credit card too much?

a)

Easy to get into debt

b)

Purchase protection

c)

Easier to use

d)

No interest charges

7.

What is charged if you don't pay your full credit card bill?

a)

Annual fee

b)

Purchase protection

c)

Interest charges

d)

Easier to use

8.

What fee might you pay every year just to have a credit card?

a)

Interest charges

b)

Cash advance fee

c)

Annual fee

d)

Purchase protection

9.

Which of these is a risk when using a credit card?

a)

Easier to use

b)

Risk of fraud

c)

No interest charges

d)

Purchase protection

10.

What might happen if you spend too much with a credit card?

a)

Overspending

b)

Purchase protection

c)

Cash advance

d)

No interest charges