
Credit Card Management Strategies

Interactive Video
•
Business, Life Skills
•
9th - 12th Grade
•
Hard

Sophia Harris
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of Americans are currently carrying some form of credit card debt?
More than half
Less than half
Exactly half
One-third
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the common mistake people make when prioritizing credit card payments?
Paying off the card with the highest interest rate first
Ignoring interest rates completely
Paying off the card with the lowest balance first
Paying off all cards equally
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is 'completion bias' in the context of credit card payments?
The tendency to pay off the largest balance first
The tendency to pay off the highest interest rate first
The tendency to complete tasks that are easiest
The tendency to avoid paying off any debt
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential benefit of calling your credit card company?
They might increase your credit limit
They might lower your interest rate
They might waive your annual fee
They might offer a new credit card
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of people were successful in getting their interest rates lowered by calling their credit card company?
75%
50%
100%
25%
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it beneficial to change your credit card payment date?
To increase your credit score
To avoid paying interest
To confuse the credit card company
To align with your cash flow
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When is it suggested to set your credit card payment date?
On the last day of the month
After your payday
On the first of the month
Before your payday
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