Financial Literacy-What is a Credit Card

The Security Code is located on the back side of the Credit card.

• True

• False

What is the small chip on the FRONT of most Credit Cards called?

• Microchip

• Bank Name

• Account Number

• Security Code

Interest gets added to your bill if you do not pay back all the money within 25 to 30 days.

• True

• False

Where is the account number on a credit card typically located? (Some companies do not have them in the typical spot)

• The Front of the card

• The back of the card

• The account number is not on the card

The TWO types of credit cards are:

• Target and Buckle

• Credit and Debit cards

• Visa and Master card

• Experian and FICO

You are able to purchase items from Walmart with your Target credit card.

• True

• False

How do you know how long you are able to use your credit card?

• Till the company tells you no more

• Till your card is broken

• Till you reach your credit limit

• The Expiration Date

Things that can be bought with a credit card:

(Pick Three)

• Food

• A Car

• Clothing

• Household Needs

Your credit limit is how much you spend in a month.

• True

• False

The Expiration date is located on which side of the card?

• The Front

• The Back