3.6 Credit Card Statements

To determine the interest rate on the card

To calculate the credit card bill for a set period

To set the minimum payment amount

To decide the credit limit for the card

A summary of credits and debits for the month

The interest rate charged by the bank

A list of all available credit cards

Instructions for applying for a new credit card

It identifies the credit card holder uniquely.

It determines the credit limit.

It shows the billing date.

It indicates the payment due date.

Available credit is the unused portion of the credit line.

Credit line is the amount already spent.

Available credit is the total amount owed.

Credit line is the minimum payment due.

Billing date

Payment due date

Account number

Available credit

Minimum Payment

Late Payment Fees

Credit Card

Annual Fee

Making a purchase

Receiving a cash advance

Paying the monthly bill

Checking the account balance

A debit is the amount charged to an account, while a credit is payment made to reduce your debt.

A debit is payment made to reduce your debt, while a credit is the amount charged to an account.

A debit and a credit both increase your account balance.

A debit and a credit both decrease your account balance.

You may be charged the penalty APR

Your credit score would go down.

Both of the above.

Neither of the above.

New purchases

Payments/credits

Previous balance

Late charge

Finance Charge

Finances

Owe

Balance Charge

new balance

It is the total amount owed on the credit card.

An amount that is the lowest payment the credit card company will accept for the current billing period. 

It is the average amount owed per day during the billing cycle.

It is the interest charged each month.

Annual Percentage Rate (APR)

Monthly periodic rate

Minimum payment

New balance