Credit Cards

Front

What is a check?

Back

A written document asking a bank to pay a certain amount from your account.

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

Front

Is it wise to compare credit card offers before choosing one?

Back

True

Front

What are the benefits of credit cards?

Back

Safe and convenient, bonuses are offered, allows you to build a positive credit report, needed for reservations and online shopping, all of these.

Front

What is an Amortization Table?

Back

The schedule prepared showing the installment payments for the period (called the term of the loan).

Front

What is a Cash Advance?

Back

A cash loan from a credit card using an ATM or bank withdrawal.

Front

What is a credit card?

Back

A card issued by a bank allowing the holder to purchase goods or services on credit.

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

Front

What is the purpose of a credit limit?

Back

The maximum amount of credit that a financial institution extends to a client.

Front

What is interest in terms of credit cards?

Back

The cost of borrowing money, usually expressed as a percentage of the amount borrowed.

Tags

CCSS.7.RP.A.3

Front

What is a balance transfer?

Back

Moving an outstanding balance from one credit card to another, often to take advantage of lower interest rates.

Front

What is a credit score?

Back

A numerical expression of a person's creditworthiness, based on credit history.