U22 Credit Card Quiz
- 1.
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- A.
Convenience - no need to carry cash around
- B.
Fraud protection - some credit cards offer fraud protection, and if fraud does occur it will not affect your cash / checking account
- C.
It's free money, you never have to pay it back.
- D.
Building up your credit to purchase big ticket items in the future
- E.
Rewards - some credit cards offer cash back rewards or gift cards based on your purchases
- 2.
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- A.
True
- B.
False
- 3.
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- A.
House / Condo
- B.
Cell phone
- C.
Car / Truck
- D.
Boat
- E.
Mp3's
- 4.
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- A.
Mark your payment due date on a calendar
- B.
Enroll in bill pay for your checking account so you can set up automatic payments each month, and sign up to receive electronic statements for your credit card bills.
- C.
Write yourself a reminder on a piece of paper that can easily become lost
- 5.
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- A.
True
- B.
False
- 6.
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- A.
True
- B.
False
- 7.
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- A.
50%
- B.
40%
- C.
30%
- D.
25%
- 8.
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- A.
True
- B.
False
- 9.
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- A.
3 months
- B.
1 year
- C.
3 years
- D.
6 years
- 10.
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- A.
Up to 1 year
- B.
Up to 3 years
- C.
Up to 5 years
- D.
Up to 7 years
- 11.
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- A.
True
- B.
False
- 12.Please insert your First Name, Last Name and E-mail address below:
Questions: 24 | Attempts: 2266 | Last updated: Oct 19, 2014
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Sample QuestionMost credit cards charge you interest even if you pay your balance in full each month.
Questions: 25 | Attempts: 545 | Last updated: Apr 14, 2020
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Sample QuestionIf you have a very high credit score (e.g., over 800) you are more likely to be approved when you apply for credit (like a credit card or auto loan) and will likely have a lower interest rate on your loan than a borrower with a low credit score.
Questions: 5 | Attempts: 153 | Last updated: Jan 17, 2013
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Sample QuestionA credit card company can never raise its rates in the middle of the year.
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