Credit cards

Can late payments have an impacted on your credit?

• Yes

• No

Answer explanation

The answer is Yes

It demonstrates your ability to manage and pay off debt to potential lenders and creditors.

How many numbers are on a credit card

• 16

• 14

• 26

• 12

Answer explanation

The answer is 16

Do credit cards have a security code (CVV) and if so how many numbers is it?

• 4

• 1

• 6

• 10

Answer explanation

The Answer is 4

What is the highest balance you can have on a credit

• $1 Mill

• $100,000

• $10

• $20,000,000

Answer explanation

The Answer is $100,000

Can you overdraft a credit card

• Yes

• No

Answer explanation

The answer is No

You can't overdraft a credit card

How Convenience are credit cards

• Very

• Somewhat

• Not at All

Answer explanation

The correct Answer is Very

Credit cards can b very useful and help boost your credit score.

Do you have to pay the money back that you spend on a credit card?

• Yes

• No

Answer explanation

The Correct answer is yes

What's your annual interest rate?

• 10%

• 90%

• 30%

• 60%

Answer explanation

The correct answer is 10%

How old do you have to be to have a credit card?

• 12

• 21

• 18

• 12

Answer explanation

The correct answer is 18

Is a debit card and a credit card the same thing?

• Yes

• No

Answer explanation

The correct answer is No

A debit card can affect your credit score.

A credit card can boost your credit score and affect your credit score.