Managing Credit Cards
Shopping for Credit Cards
Shopping For Credit Cards
Credit Reports and Scores
Important School Stuff
100
When starting with a credit card, the interest rate you want
What is highest interest rate
100
The name of the time period that you have before your credit card is charged after a purchase.
What is Grace Period.
100
The minimum amount to be charged for use of a credit card (or no balance fee)
What is Minimum Finance Charge
100
Mathematical tool created to help a lender evaluate the risk associated with lending money to a consumer.
What is Credit Scores.
100

What time should you arrive to class

10-15 minutes prior to the start of the class

200
The average amount of credit cards that Americans have.
What is 8.
200
The Annual Fee for a credit card
What is $20.
200
Method used to determine the balance for which finance charges are accumulated
What is Balance Calculation Method
200
30% of your credit report
What is Outstanding Debt
200

If you are going to be absent- what are some things you should do

Email the Instructor, Complete assignments on Canvas, talk with a peer on what you missed

300
The biggest negative impact on your credit score
What is Late Payments.
300
The type of interest rate charged to the cardholder on the amount borrowed in terms of per dollar per year.
What is Annual Percentage Rate (APR)
300
A fee charged once per year for credit card ownership
What is Annual Fees
300
Amount of time a consumer has held accounts (15% of Credit)
What is Credit History
300
Get your ____ done on time
What is Homework
400
Paying off your credit card every month helps maintain
What is a good credit score.
400
A written statement that gives the terms and conditions of a credit card account
What is Cardholder Agreement
400
Charge imposed for not paying on time
What is Late Payment Fees
400
Acquiring credit cards and small loans from financial institutions are ways of _________ing your credit.
What is Establishing or Increasing
400

What is Ms. Koole's favorite dog's name

Dewey

500

Where did Ms. Koole grow up (state)

What is Montana

500
The low rate charged by a lender for an initial period to entice borrowers to accept the credit terms
What is Introductory Interest Rate
500
A designation that indicates that a person has not paid a debt that they owe.
What is Default.
500
A credit inquiry that impacts your credit score
What is Hard Check.
500

The name of Ms. Koole's cat

What is Minnie

M
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