Pros and Cons
What credit card issuers reward customers for their loyalty
What is discounts and prizes
Most widely used credit score
What is a FICO score
Using your credit card instead of cash
What is a convenience fee
A minimum payment carries these
What are interest and a bit of the principal
Using a credit card makes it easy to accumulate what?
What is more debt
FICO scores range from
300-850
When you use your credit card outside its country of origin
What is a foreign transaction fee
What are low interest rates
A lost or stolen card must be reported within how many days?
What are two days
What is 15% of your FICO score based on?
You can withdraw cash from your credit card for a __________ fee
What is a percentage
Transactors should opt for credit cards that offer
What is the highest reward
This study illustrates that participants were more willing to pay for an item when told to use credit instead of cash
What is willingness-to-pay
High credit scores could qualify for this
What is a lower interest rate
This fee is added to your bill for covering a transaction that went over the card limit
What is an Over-the-credit limit fee
A minimum payment is a percentage of your
What are your balance, interest, and fees
The amount of liability if fraudulent charges are made on a card in your physical possession
What is 0
Your payment history is this percentage of your FICO score
What is 35%
When your credit card payment fails to go through
What is a returned payment fee
What are revolvers or transactors