credit card review
Flashcard
•
Mathematics
•
11th Grade
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
Student preview
15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is the interest rate of the American Express credit card in the given scenario?
Back
15.99%
2.
FLASHCARD QUESTION
Front
What is the interest rate of the Chase Sapphire credit card in the given scenario?
Back
20.99%
3.
FLASHCARD QUESTION
Front
If you charge $500 on two credit cards and make a minimum payment of $25, which card will incur more interest?
Back
Chase Sapphire
4.
FLASHCARD QUESTION
Front
What factors contribute to your creditworthiness?
Back
Credit history, payment history, credit utilization, and all answers are correct.
5.
FLASHCARD QUESTION
Front
What is the most common credit scoring system?
Back
FICO
6.
FLASHCARD QUESTION
Front
How do credit card companies primarily make money?
Back
By charging late fees and interest to their customers.
7.
FLASHCARD QUESTION
Front
What is a credit limit?
Back
The maximum amount of credit that a lender will extend to a borrower.
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