Vocab
Your monthly bill that tracks your purchases and returns
Name two good reasons to use a credit card (instead of cash or a debit card)
1. You don't have to carry cash
2. It is safer
3. You build your credit score
Look at the statement:
When is the payment due date?
What is the name of Spongebob's grumpy, money-loving boss
Mr. Krabs
Your financial grade or reputation
Credit Score
How often do you get a credit card statement
Monthly
Look at the statement.
How much money is owed?
$1570.93
Which superhero is known as the Dark Night?
Your penalty for not paying your bill on time or for paying only the minimum payment
Interest
What are two ways you can get a credit card?
1. Your bank
2. A credit card company (online)
Look at the statement:
Are there any returns?
No
Who won the FIFA World Cup 2026?
Spain
A way to borrow money from the bank for big purchases like a house, car, education, or business.
Loan
True or False:
Your credit card is linked DIRECTLY to your bank account.
False
Look at your statement?
What is the total credit limit (credit line)?
$25,000
Taylor Swift
If you don't pay your bill on time, you end up in ________, and it is very difficult to get out of
True or false:
You can either pay off your card every time you make a payment or once when you get your statement.
True
Look at the statement:
What was the previous balance due?
$2570.93
How many planets are in the solar system?
8
(Pluto is not a planet)