Fico Scores
What is the average credit score
What is 700-749
What is a Credit Report
What is Financial History
Why are Credit Cards Convenient
You can get money quick and spend fast
Which Card had the lowest fees?
What is a Prepaid Card
The yearly interest rate charged on outstanding credit card balances.
What is Annual Percentage Rate (APR)
What range is a good credit score?
700-749
What are the three Credit Bureaus
What is Equifax, Experian and TransUnion
True/False
Bill Consolidation is a disadvantage to a credit card?
False
17 years old
An amount of money. In personal banking, balance refers to the amount of money in a savings or checking account.
Balance
What credit score is the highest?
750 or higher
What is one example a person's credit profile allows viewer to see?
Anyone planning to give you a loan or credit
What is Instant Purchasing power?
Helps with unexpected emergency expenses and give you the flexibility to pay them over time.
What card can be obtained by a checking account
What is a debit card?
The maximum dollar amount that can be charged on a specific credit card account.
Credit Line
What is your FICO score calculated by?
What is credit report
True/False
A credit report allows viewers determine to do business with you or not?
True
At what age do you not need to be to have an adult co-signer apply?
21 years old
What is the rule to manage your credit card account?
A banking service that allows you to link your checking account to your credit card, thereby protecting you from overdraft penalties or bounced checks in the case of insufficient funds.
Overdraft protection
True/False
The higher your score, the lower your perceived risk to a lender.
True
Who can view your credit profile?
Lenders, banks and credit unions
What is a disadvantage to a credit card?
Potential cost in interest and fees
What credit score is viewed as excellent?
750 or higher
A printed booklet a credit cardholder receives that contains all the "fine print" about the card's terms.
Cardholder Agreement