What is a credit card interest rate?
Credit Card Quiz

Quiz
•
Mathematics
•
9th - 12th Grade
•
Medium
Gillian Reyes
Used 1+ times
FREE Resource
13 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The amount of money you owe on your credit card
The fee charged by the credit card company for using the card
The percentage of interest charged on the unpaid balance of your credit card
The maximum amount you can spend on your credit card
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is a common method of credit card payment?
Cash
Cheque
Online banking
All of the above
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What happens if you only pay the minimum amount due on your credit card?
Your credit card will be cancelled
You will be charged a late payment fee
You will not be able to use your credit card anymore
You will be charged interest on the remaining balance
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the monthly percentage rate for a credit card?
The amount of interest paid per month
The only time you can make a payment on your credit card
The time period during which you can apply for a credit card
The debt you will accumulate if you do not pay your balance
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following factors can affect your credit card interest rate?
Your credit score
Your income
Your credit card usage
All of the above
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the best way to avoid credit card debt?
Paying off your credit card balance in full each month
Making only the minimum payment on your credit card
Using your credit card for all your purchases
Ignoring your credit card bills
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is APR (annual percentage rate) for a credit card?
The annual fee charged by the credit card company
The interest rate charged on cash advances
Interest you pay in dollars
The interest rate charged on balance transfers
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