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Credit Card Quiz

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

A three-digit number that determines how financially responsible you are:

a)

Payment History

b)

Interest Rate

c)

Debit Card

d)

Credit Score

2.

A history of making your payments on time that will boost your score:

a)

Credit Report

b)

Principal

c)

Payment History

d)

Credit Score

3.

Allows a person to borrow a limited amount from a provider:

a)

Credit Limit

b)

Minimum monthly payment

c)

Credit Card

d)

Interest Rate

4.

An amount owed on an existing line of credit:

a)

Debit Card

b)

Balance

c)

Credit Score

d)

Credit Limit

5.

The total amount of money you can borrow is called:

a)

Minimum monthly payment

b)

Debit card

c)

Credit Limit

d)

Principal

6.

The percent charged on the amount you owe is called:

a)

Credit Limit

b)

Credit Report

c)

Payment History

d)

Interest Rate

7.

A detailed list of your credit usage history:

a)

Credit Limit

b)

Credit Report

c)

Credit Card

d)

Credit Score

8.

The minimum amount owed each month to keep your credit in good standing:

a)

Minimum monthly payment

b)

Credit Score

c)

Credit Limit

d)

Balance

9.

The amount a person has borrowed is called:

a)

Credit Limit

b)

Principal

c)

Balance

d)

Payment History

10.

A card where you can spend your own money from your checking account:

a)

Interest Rate

b)

Credit Score

c)

Credit Card

d)

Debit Card