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What is a credit card balance? |
The amount of money you still owe to the credit card company |
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If you are planning to carry a large balance on your credit card, which of the following credit card features should you look for? |
Low APR |
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The annual percentage rate on a credit card determines _______. |
the amount of interest you are charged on credit card purchases |
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Which of the following statements comparing debit cards to credit cards is TRUE? |
Debit cards allow you to draw funds directly from your checking account |
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The amount of money you can charge to a credit card is called: |
Credit Limit |
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Which payment type can help you stick to a budget? |
Debit Cards |
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Which payment method typically charges the highest interest rates? |
Payday loans |
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Making a credit card minimum payment: |
Means you are paying a small portion of your total credit card debt |
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Which of the following is NOT a common credit card fee? |
Minimum payment fee |
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Which of the following is true? |
Checks and Debit Cards both withdraw money directly from a bank account |
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