HOW ARE YOU PAYING?
100

Name a type of credit card

VISA or Mastercard

200

Legally, how old do you have to be to get a credit card in Ontario?

18 years old

300

What is meant by the term CREDIT LIMIT?

A credit limit is the maximum amount you can normally spend on your credit card.

400

What is meant by the term INTEREST RATE?

Interest rate is the interest you are charged when you use your credit card for making payments in retail outlets or online. You only incur this interest rate if you don’t pay off your full balance by the due date.

500
What is the AVERAGE INTEREST RATE on a credit card?

AVERAGE INTEREST RATE on a standard credit card can range from approximately 19-25%

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