Card Types
What is the maximum APR for our Visa Credit Cards?
18%
How many points per dollar will you earn with the Visa Rewards Credit Card?
1 point per $1 spent
What is the credit card replacement fee?
$30
True or False: Joint credit accounts affect both joint owner's credit scores.
True.
What does a credit score or report show?
Which card type might someone want if they have no credit or poor credit?
Secured Visa Classic
What are two different options you can spend rewards points on?
Cash back, travel, merchandise.
How often can you check your credit report without it affecting your credit score?
Once per year.
What are the three main credit bureaus?
Equifax, Experian and TransUnion.
What is the range for credit scores?
According to FICO: 300-850
< 580 - poor
580-699 - fair
670-739 - good
740-799 - very good
800 - exceptional
Which account types can be used for collateral with the Secured Visa Classic?
Savings or share certificate.
How many points per dollar will you earn with the Business Visa?
1.5 points per $1
True or False: if the credit card account is held jointly, only the primary owner is responsible for repayment.
False.
When might someone's credit be pulled?
When applying for a loan (auto loan, personal loan, credit card, mortgage).
When applying to live in an apartment or rental property.
When applying for a job.
What does a credit score tell you about someone?
How likely they are to repay a debt.
Which credit card offers the lowest interest rate?
Visa Classic
What is the introductory rate for the Signature, Platinum and Classic cards?
3.99% for the first 12 months on purchases made in the first 90 days.
What is the foreign transaction fee charged for purchases outside of the US, Puerto Rico, or the U.S. Virgin Islands?
1%
How long does a hard inquiry stay on your credit report?
Two years, but only affects the score for one year.
What is a balance transfer and why might someone do a balance transfer?
Moving a credit card account debt to another credit card account.
They might be wanting to take advantage of introductory/lower interest rates.
Which card does not offer any rewards?
Visa Classic
What is the current promotional rate for the Business Visa Credit Card? (until 7/31)
6.99% APR for the first 12 months
The minimum payment due is ___% of the total balance.
2%
What does FICO stand for?
Fair Isaac Corporation, the company that developed the FICO credit scoring models. FICO is a data analytics company that specializes in credit scoring services.
What should someone consider when applying for a credit card?
APR, minimum repayment, annual fees, introductory interest rates, points or rewards options.