Credit Card Statements Quiz

How many days before your minimum payment due date must credit card issuers send your monthly credit card statement?

• 30 days

• 21 days

• 14 days

• 7 days

What is the purpose of the Account Number on your credit card statement?

• To track your credit score

• To list your transactions

• To keep it a secret for security reasons

• To show the interest and fees being calculated

What does the Closing Date on a credit card statement indicate?

• The date by which the payment must be received

• The date the credit card company created this statement

• The date the interest rates are calculated

• The date the credit card was issued

What does the Amount of credit line refer to on a credit card statement?

• The total amount you now owe

• The amount of your credit that you haven't borrowed yet

• The minimum payment you must make

• The total amount of interest you'll pay

What new requirement was introduced by The Credit Card Act of 2009 regarding credit card statements?

• The statement must show how much you would need to pay each month to pay off the balance in three years

• The statement must include a late payment warning

• The statement must provide contact information for a nonprofit credit counseling agency

• The statement must list all the transactions made in order

What should you include with your check if you pay your credit card bill by mail according to the Payment Coupon section?

• Your credit card

• Your account summary

• Your current payment information

• A list of each charge and payment you made in date order