What percentage of Americans don't know when they start being charged interest on credit card purchases?
Credit Knowledge Quiz

Quiz
•
Education
•
University
•
Hard
Miguel Sanchez
Used 3+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
9%
55%
78%
8%
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the impact of carrying a credit card balance on a person's credit score?
It helps build credit
It improves credit utilization
It does nothing to help credit score
It reduces credit score
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the effect of closing an older, paid-off credit card on a person's credit score?
It reduces credit utilization
It has no impact on credit score
It improves credit score
It hurts credit score
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does paying a credit card bill late affect a person's credit score?
It always hurts the credit score
It only hurts if payment is over 60 days late
It never hurts the credit score
It only hurts if payment is over 30 days late
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the impact of having multiple credit cards on a person's FICO score?
It has no impact on FICO score
It reduces FICO score
It increases credit utilization
It improves FICO score
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many different credit scores do most consumers have?
More than three
Exactly three
Exactly two
Only one
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When does interest start accruing on credit card purchases?
Never if the bill is paid in full each month
30 days after a purchase
Immediately after a purchase
The day after the payment due date
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