What is one way to build or improve your credit history?

• Get a credit card and use it wisely

• Save money in a bank account

• Pay your bills on time

• Invest in the stock market

What is the best place to start if you do not have credit?

• Apply for a personal loan

• Avoid using any form of credit

• Use a debit card for all your purchases

• Get a secured credit card

What should you look for when comparing credit cards?

• No credit limit and high fees

• Low annual fee and low APR

• Short grace period and high interest rates

• High annual fee and high APR

What is the purpose of a grace period on a credit card?

• To charge you interest immediately

• To report your credit history to the credit reporting companies

• To give you extra time to pay your bill

• To increase your credit limit

If you cannot get a regular credit card, what type of card should you try to get?

• Secured credit card

• Store credit card

• Business credit card

• Prepaid card

What should you do to improve your credit history?

• Make late payments on your credit card

• Pay your credit card bill in full every month

• Pay only the minimum amount due on your credit card

• Use your credit card frequently and carry a balance

What is the consequence of paying your credit card bill late?

• No impact on your credit history

• No consequences, it is allowed

• Lower interest rates on your credit card

• Higher interest rates on your credit card

How often should you pay your credit card bill?

• Once a year

• Once every six months

• Once a month

• Once every two months