What are Credit Cards?
Are credit cards and debit cards the same thing?
No! (they are very similar though)
Name 3 kinds of potential fees
Annual, interest, late, foreign transaction, or processing
What is the minimum age to get a credit card?
18
Which country has the most credit card holders?
a) U.S.
b) Canada
c) China
b) Canada
What is one thing that debit and credit cards have in common?
Fees!
If you buy a house will you be using installment or revolving credit?
Installment credit
Name 3 different banks that issue credit cards
American Express, Bank of America, Wells Fargo, Chase, Capital One, U.S. Bank, Mission Fed, or Discover
Which bank has the most credit card holders?
a) Bank of America
b) Capital One
c) Chase
c) Chase
What does CID stand for?
Customer Identification
Processing fees are almost always paid by... (Cardholders, Businesses/Merchants, or Banks)
Businesses/Merchants
Do you need to have a job in order to get approved to have a credit card?
No
What does VISA (credit card) stand for?
a) Visa International Service Association
b) Visual Instrument Software Architecture
c) Vatican International Services Agency
a) Visa International Service Association