credit cards

Front

What is a credit card?

Back

a small plastic card issued by a bank, business, etc., allowing the holder to purchase goods or services on credit.

Front

What is a finance charge?

Back

The amount of interest charged to an account for the billing cycle.

Front

What is an example of cash advance? Options: Asking your siblings for money., Getting your paycheck early., Going to the ATM, Going to the store and getting cash back from your credit card.

Back

Going to the store and getting cash back from your credit card.

Front

Annual Percentage Rate (APR) is the yearly percentage rate of the finance charge.

Back

True

Front

What can you buy or get with a good credit score?

Back

All of the above

Front

Paying the minimum payment on a credit card every month will:

Back

Make the final amount paid substantially higher than the amount initially charged to the card

Front

Is a credit card a source of free money?

Back

False

Front

The maximum amount you are allowed to carry as a balance on the card

Back

credit limit

Front

Both credit and debit cards have this in common...

Back

both plastic cards

Front

Amount charged if your payment is received after the billing date

Back

late payment fee