Worksheets12.7 Understanding a Credit Card Statement (aie.org)
Total questions: 16
Worksheet time: 8mins
What is the total credit limit of the Platinum Piggy Card?
$657.40
$500.00
$2500.00
$1314.15
What is the new balance total on the statement?
$52.57
$2500.00
$1314.15
$657.40
What is the payment due date for the credit card statement?
10/12/2017
11/13/2017
09/14/2017
12/13/2017
How many points were earned this month according to the rewards summary?
314
1314
500
2676
What is the total minimum payment due?
$657.40
$52.57
$40.00
$1314.15
What is the penalty APR if a late payment is made?
15.99%
29.99%
25.99%
13.99%
Which transaction had the highest charge?
Restaurant
AmazeZone.com
Grocery Land
Moviehouse
What is the total credit available after the new balance?
$657.40
$500.00
$2500.00
$1185.85
What is the finance charge for purchases at 13.99% APR?
$0.00
$52.57
$1314.15
$657.40
What is the address to send the payment to?
999 Main St, Anytown, TX 99999
PO BOX 999, MONEYVILLE, MA 99999-9999
123 Credit Lane, Finance City, CA 12345
456 Payment Blvd, Billtown, NY 67890
How long will it take you to pay off your balance if you only pay the minimum payment? How much will you have paid?
73 months/$1771.33
37 months/$ 771.33
How many days in the billing cycle?
What is a billing cycle? (Definition)
The number of days between your last credit card statement and the current one.
Define "previous balance."
The amount of money charged on the card on the previous billing statement
What does credit limit mean?
The maximum amount of credit a lender allows a borrower to use/the total amount that you can spend.
Why were the finance charge calculations all $0?
BG Spender paid the bill in full and on time.
