Credit Cards

Front

The least amount that must be paid on a credit card each month is

Back

Minimum Payment

Front

How can a cardholder avoid paying interest on a credit card?

Back

Pay the balance in full every month

Front

The credit company can charge interest if the credit card bill is not paid in full by the due date

Back

True

Front

It is best to pay more than the minimum due on your credit card.

Back

True

Front

It would be best to have a high credit score

Back

True

Front

A credit report is a report showing a borrower's history of how well they paid their bills.

Back

True

Front

You have a choice between two credit cards: American Express 8.99% or Chase Sapphire 12.99%. Which card offers the better rate?

Back

American Express

Front

The cost of credit expressed as a yearly interest rate is known as:

Back

Annual Percentage Rate (APR)

Front

Benefits of credit cards include: safe and convenient, bonuses are offered, allows you to build a positive credit report, needed for reservations and online shopping.

Back

all of these

Front

The maximum amount you may borrow on a credit card is known as:

Back

credit limit