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6 Cards in this Set
- Front
- Back
A business that gives you a loan is:
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A creditor
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If you get your first credit card while you're a full-time student, what can you expect about the card's APR on outstanding balances?
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It will probably be high
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Which of the following is the best definition of a minimum payment on a credit card?
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The smallest payment that will keep a credit card holder in good standing with the lender
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You forgot to pay last month's credit card bill. Your creditor will probably:
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Add finance charges and late fees to your bill
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You can best compare credit card offers by looking at these two features:
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APR and fees
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Oh no! Someone stole your credit card and charged $2,500 worth of purchases before you even knew the card was missing. How much of the unauthorized charges can you be required to pay?
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$50
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