Credit Card

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• Credit Card
• 101 Trivia

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Credit Cards 101 Trivia
Final Trivia
3
Types of Cards - 100

• Answer
• A flexible credit card account accepted
  for purchases anywhere made available by a
  financial institution.

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Types of Cards - 100

• Question
• What is a bank credit card?

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Types of Cards - 200

• Answer
• A high status credit card account which requires
  higher credit qualifications and offers special
  benefits.

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Types of Cards - 200

• Question
• What is a prestige card?

 
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Types of Cards - 300

• Answer
• A credit card account made available by a
  financial institution with the logo of a
  sponsoring organization.

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Types of Cards - 300

• Question
• What is an affinity card?

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Types of Cards - 400

• Answer
• An account which allows for customers to make
  credit card purchases at a particular retailer
  such as The Buckle or Old Navy.

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Types of Cards - 400

• Question
• What is a retail credit card?

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Schumer Box - 100

• Answer
• The amount of time, in days, allowed to the
  cardholder between the day the items are charged
  on the credit card and the day finance charges
  begin to apply.

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Schumer Box - 100

• Question
• What is the grace period?

 
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Schumer Box - 200

• Answer
• A fee charged once per year for
  credit card ownership.

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Schumer Box - 200

• Question
• What is an annual fee?

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Schumer Box - 300

• Answer
• The interest rate charged to the cardholder
  on the amount borrowed in terms of
  dollars per year.
•  

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Schumer Box - 300

• Question
• What is the annual percentage rate?

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Schumer Box - 400

• Answer
• The method used to determine the balance for
  which finance charges are accumulated.

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Schumer Box - 400

• Question
• What is the balance calculation method?

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Credit Reports/Scores - 100

• Answer
• Eperian, TransUnion, and Equifax

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Credit Reports/Scores - 100

• Question
• What are the 3 credit bureaus?

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Credit Reports/scores - 200

• Answer
• Personal information, payment history, inquiries,
  and public records

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Credit Report/Scores - 200

• Question
• What is included on the credit report?
•  

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Credit Report/Scores - 300

• Answer
• Savings account information, bankruptcies 10 or
  more years old, gender, ethnicity, religion,
  medical history, or criminal records.

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Credit Report/Scores - 300

• Question
• What is not included on a credit report?

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Credit Report/Scores - 400

• Answer
• A rating used by a lender to help determine
  whether you qualify for a particular credit card,
  loan, or service.

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Credit Report/Scores - 400

• Question
• What is a credit score?

27
Credit Knowledge - 100

• Answer
• This is used by lenders to estimate whether
  youll pay on time. It is based on information
  in your credit report

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Credit Card Knowledge - 100

• Question
• What is a credit score?

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Credit Card Knowledge - 200

• Answer
• A higher credit score means a lower APR (interest
  rate) on loans .

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Credit Card Knowledge - 200

• Question
• How does your credit score impact your APR?

 
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Credit Card Knowledge - 300

• Answer
• A fee charged for a cash withdrawal
  from a credit card account.

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Credit Card Knowledge - 300

• Question
• What is a cash advance transaction fee?

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Credit Card Knowledge - 400

• Answer
• Credit or loan that has a specfic amount,
  payment, and due date for a specific amount of
  time.

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Credit Card Knowledge - 400
Question What is closed end credit?
35

• Final
• Trivia

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Final Trivia

• Answer
• This makes up 35 (the majority) of your credit
  score.

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Final Trivia

• Question
• What is payment history?