Credit Cards 101 (Credit Card Basics 1/3)

Which of the following comes from your own PERSONAL bank account?

• Debit

• Credit

What is the money charged to you by the bank on a credit card known as?

• Credit

• Interest

• Balance

T/F: If you pay off your credit card balance by the due date each month, you DO NOT have to pay any interest.

• True

• False

How do credit cards offer "free money" to users?

• Interest Payments

• Credit

• Cashback Rewards

What are TWO ways that you can get a credit card if you do not have an extensive work history?

• Student Credit Card

• Loan Referrals

• Have a parent/guardian be a co-signer

• Go to the bank and demand a credit card. Refuse to leave until they give you one.