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Credit Card Quizzes & Trivia

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Questions: 24  |  Attempts: 1265   |  Last updated: Oct 19, 2014
  • Sample Question
    Most credit cards charge you interest even if you pay your balance in full each month.

Understanding Credit

Questions: 10  |  Attempts: 429   |  Last updated: Jan 10, 2013
  • Sample Question
    Employers can pull credit reports for which of the following reasons?



Questions: 25  |  Attempts: 104   |  Last updated: Apr 14, 2020
  • Sample Question
    If 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.  

Credit Card Fraud 

Questions: 5  |  Attempts: 119   |  Last updated: Dec 26, 2012
  • Sample Question
    What constitutes as credit card fraud?

You will need to use the Cost of Credit Calculator to answer the following questions.

Questions: 12  |  Attempts: 57   |  Last updated: Mar 4, 2013
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Credit Card Questions & Answers


What is the difference between APR and EAR?
APR stands for annual percentage rate, while EAR stands for effective percentage rate of active APR. APR is the simple interest rate per year, while EAR is the compound interest rate plus a fee calculated across a year. APR is calculated as the rate
As long as you have a credit card, you dont need an emergency savings fund.
1. false-if you dont have money saved and have to put a hefty balance on your credit card, you will have to pay interest. if you continue to have financial troubles, your credit card debt can easily spiral out of control. having an emergency fund of