Don't Do This!
This puts you in a dangerous financial position.
What is having a debt-to-income ratio of over 50%?
The amount of time between the billing date and the payment date.
What is Grace Period?
Interest on the outstanding balance will be calculated based on this.
What is a monthly or daily periodic rate?
This is the most common method for calculating the balance that is subject to Finance Charges.
What is Average Daily Balance?
Girls, boys and Unified basketball, wrestling, swimming and ice hockey.
What are some of Alvirne's winter sports?
It will take you YEARS to pay off the balance if you do this.
What is make the minimum payment?
These rates are always higher than purchases.
What are Cash Advance, Balance Transfer rates?
This rate is the APR divided by 365.
What is the Daily Periodic Rate?
Buying an item at the store does this to your balance.
What is increase the balance?
The drama club at Alvirne.
What is Class Act?
This credit card charges you this fee once per year.
What is an annual fee?
A number between 300 and 850.
What is a credit score?
The Annual Percentage Rate.
What is APR?
Starting with the Previous Balance and subtracting payments and credits.
What is Adjusted Balance?
Leadership, Experience, Opportunity
What is the LEO Club?
All of these are optional fees.
What is Finance Charge, Annual Fee, Cash Advance Fee, Balance Transfer Fee?
This outlines the costs associated with using a credit card.
What are the credit card terms and conditions?
This rate is the APR divided by 12.
What is the Monthly Periodic Rate?
Returning an item of making a payment does this to your balance.
What is decrease your balance?
Provides competition for Culinary, Welding and Building Trades programs.
What is Skills USA?
Only do this if you have absolutely no other alternative to pay for something.
What is taking a Cash Advance on your credit card?
The part of a credit card statement that explains the Minimum Payment.
What is the Schumer Box?
A Cash Advance always uses this rate.
What is the Daily Periodic Rate?
Add all of the daily balances and divide by the number of days in the billing cycle.
What is Average Daily Balance?
Softball, baseball, tennis, track.
What are some of Alvirne's spring sports?