Credit Cards 101
Quiz by April MacNamee
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13 questions
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- Q1A plastic card used to make purchases now and pay for them later.credit card30s
- Q2A sum paid or charged for the use of money or for borrowing moneyinterest30s
- Q3annual interest rateAPR30s
- Q4the result of the credit card company not receiving and posting the payment on the due datelate fee30s
- Q5The smallest required payment that a credit card holder can pay on a monthly bill and still remain in good standing with the lender.minimum payment30s
- Q6to accumulate over timeaccrue30s
- Q7The amount of time from one bill to the next.billing cycle30s
- Q8A deliberate deception intended to secure an unfair or unlawful gainfraud30s
- Q9A time period during which no finance charges will be added to your accountgrace period30s
- Q10Gold box on the credit card that is a new technology to increase securityEMV chip30s
- Q11An amount that credit card companies can charge for the use of a credit card.annual fee30s
- Q12Paying off one credit card balance by transferring it to another credit card.balance transfer30s
- Q13the maximum amount that you may charge on your credit accountcredit limit30s
