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Credit Cards and Credit!
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What is the biggest credit factor when someone has a credit card?A. Multiple Credit Cards B. Credit Card Rewards C. Credit Monitering D. On time Payments E. Available Credit
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What is Principle when talking about a Credit Card balance?
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What is Interest when talking about a Credit Card balance?
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Do Credit Card companies have a cap on how much interest they can charge?
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If you have $1000 limit on a credit card should you spend the entire amount? Why?
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What kind of rewards can credit cards offer?
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How often does a credit card report to the credit bureaus?
Credit Cards and Credit! (Answer Key)
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What is the biggest credit factor when someone has a credit card?A. Multiple Credit Cards B. Credit Card Rewards C. Credit Monitering D. On time Payments E. Available Credit
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What is Principle when talking about a Credit Card balance?only the amount you spend on the card. does not include fees and interest charged.
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What is Interest when talking about a Credit Card balance?a percent of your credit card balance owed to the credit card company for borrowing their funds
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Do Credit Card companies have a cap on how much interest they can charge?No
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If you have $1000 limit on a credit card should you spend the entire amount? Why?No, you want to maintain a high availablity for positive credit score ipmact.
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What kind of rewards can credit cards offer?Cash back, points for redemption, gift cards, account credits
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How often does a credit card report to the credit bureaus?Every rolling 30 days
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