Credit Cards

Why is there a small microchip on the front of a credit card? Check all correct answers.

• Prettiness

• Extra security

• To prevent fraud

• It's popular

Fraud means ________________

• to treat someone

• to help someone

• to trick someone

• to hit someone

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CCSS.RI.11-12.4

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CCSS.RL.9-10.4

Credit cards allow you to ___________ money from a bank to make purchases.

• borrow

• earn

• interest

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CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

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CCSS.RI.9-10.4

True or False: you can have the same credit card account as a stranger.

True or False: your account number allows the bank to keep track of the money you borrow?

The ____________ date, lets you know how long you can use the card for.

• limit

• interest

• void

• expiration

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CCSS.RI.11-12.3

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CCSS.RI.9-10.3

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Your credit limit tells you how much money you can __________ from a bank to make purchases.

• interest

• earn

• borrow

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CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

What does CVV stand for?

• Credit Verified Verification

• Card Verification Value

• Credit Value Verification

• Card Verified Verification

True or False: when you purchase something online or by phone, you will be asked for the 3-digit CVV?

If you do not pay back all of the money you borrowed within 25-30 days, you will be charged ___________.

• candy

• accounts

• interest

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4