Credit and Credit Cards Unit

Front

Which term represents interest and all other fees added on to credit purchases? Options: annual fee, annual percentage rate, introductory rate, finance charges

Back

finance charges

Front

What fee will you pay if you go over your credit limit?

Back

over-the-limit fee

Front

The highest amount that can be charged to your credit account is called?

Back

credit limit

Front

What is the annual interest rate you’ll be charged if you carry a balance?

Back

annual percentage rate

Front

Introductory rates are also known as what?

Back

teaser rates

Front

The least amount of money required to be paid each month is called what?

Back

minimum payment

Front

Which of the following is an advantage of using credit? Options: interest and fees, purchasing power, finance charges, overspending

Back

purchasing power

Front

What term means how trusted you are to repay borrowed money?

Back

creditworthiness

Front

Which of these is nota part of your credit score? length of credit history, payment history, total amount that you owe, high school grades

Back

high school grades

Front

If you have a good credit score, you are more likely to be offered: a job over another candidate, loans with better terms, low rates on car insurance, all the choices

Back

all the choices