Credit Cards

Credit Cards

Assessment

Flashcard

9th Grade

Hard

Created by

Wayground Content

FREE Resource

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16 questions

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1.

FLASHCARD QUESTION

Front

maximum you can borrow on a credit account?

Back

Credit Limit

2.

FLASHCARD QUESTION

Front

What is the worst way to make credit card payments?

Back

Pay Minimum payment and carry a balance

3.

FLASHCARD QUESTION

Front

What is wrong with making a minimum payment?

Back

huge interest charges

4.

FLASHCARD QUESTION

Front

What does APR stand for?

Back

Annual percentage rate

5.

FLASHCARD QUESTION

Front

Having a high credit score will allow lenders to give you lower interest rates.

Back

True

6.

FLASHCARD QUESTION

Front

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

Back

Minimum Payment

7.

FLASHCARD QUESTION

Front

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

Back

Pay the balance in full every month

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