Credit Cards

Front

What is a Credit Card?

Back

A plastic card that allows you to buy things on credit.

Front

Which of the four types of debt does a credit card always represent?

Back

Revolving

Front

What % of Americans have Credit Card Debt?

Back

47%

Front

What % of Credit Card holders cannot pay more than the minimum every month?

Back

40%

Front

The average Credit Card Debt among Cardholders in the U.S. is _______________

Back

$5525

Front

A "Transactor" - represented by 34% of Cardholders in the United States, is defined as:

Back

A consumer who pays the entire balance each month

Front

A payment card linked to your checking account that withdraws money immediately from your account is a:

Back

Debit Card

Front

A card linked to a Line of Credit which represents a convenient way for you to borrow money is a:

Back

A Credit Card

Front

A Credit Card limited to store use only is a:

Back

Store Credit Card

Front

The difference between a Visa or Mastercard and an American Express card is:

Back

American Express Cards must be paid in full each month