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WorksheetsFuture Fridays: Credit Cards
Total questions: 20
Worksheet time: 10mins
The least amount that must be paid on a credit card each month is
Late Fee
Credit Limit
Payment Amount
Minimum Payment
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 balance in full every month
Pay the minimum balance every month
The cost of borrowing money is referred to as
Credit Line
Credit
Annual Percentage Rate
Interest
A PIN (Personal Identification Number). What type of card is this?
Credit Card
Debit Card
Credit Card & Debit Card
Small, hard, plastic card. What type of card is this?
Credit Card
Debit Card
Credit Card & Debit Card
Interest may be charged, but can be avoided by paying the entire balance each month. What type of card is this?
Credit Card
Debit Card
Credit Card & Debit Card
Each purchase is a loan that is repaid later. What type of card is this?
Credit Card
Debit Card
Credit Card & Debit Card
Eric purchased a movie ticket with his card. This money will come straight out of his checking account. What type of card is this?
Credit Card
Debit Card
Credit Card & Debit Card
Card can be used to purchase goods or services. What type of card is this?
Credit Card
Debit Card
Credit Card & Debit Card
Kristy’s gas pump went out as she was driving her car. Since she did not have enough money to cover the cost to replace the pump, she used a card that allowed her to pay later. What type of card is this?
Credit Card
Debit Card
Credit Card & Debit Card
Money is withdrawn directly from a checking or savings account. What type of card is this?
Credit Card
Debit Card
Credit Card & Debit Card
What is a credit limit?
the maximum amount of money you can borrow with one card
the minimum amount of money you can borrow with one card
the amount of money that you borrowed
the amount of money that must be repaid
a number that shows if a person has good credit
credit reference
credit score
lender
debt
a charge added to a bill if a payment is not made on time
debt
interest
late fee
creditor
the amount of money owed to a business or a bank
lender
credit card
transaction
debt
the amount of credit you have left to spend
debt
minimum payment
available credit
fraud
a record of a person's debt
available credit
credit score
credit reference
credit history
a businesslike exchange
sell
lend
transaction
cheat
The day when you have to have your payment to the credit card company (or pay late fee).
due date
transactions
variable
