What is someone who's balances are not payed in full at the end of the month and carry over to the next month?
100
What are examples of service credits?
What is doctor visits, electricity, water, and other utilities?
100
What is a reward program?
What is a program that allows you to get points or bonuses when you use the credit card?
100
What should you do with receipts and statements that show your account number when you are finished with them?
What is shred them?
200
What should you do if you know you will not be able to make your monthly payment?
What is call your creditor in advance and explain the situation and ask that any late fees be waived?
200
What kind of credit cards are revolving credit?
What is bank credit cards like VISA or MASTERCARD?
200
What is a cash back rewards program?
What is a program where percentage of the amount spent is paid back to the card holder?
200
What is an over-limit fee?
What is a fee that occurs when you go over the set limit on your credit card? For example, there is a $1000 limit and you have $1050 on your credit card so you are billed a fee.
200
Credit card fraud is considered what type of crime?
What is a felony?
300
What is the previous balance method of interest?
What is when interest is calculated using the outstanding balance at the end of the previous billing period?
300
What is a line of credit?
What is a preapproved amount of credit that a debtor can borrow when needed?
300
What is a signing bonus?
What is the amount of points that you receive when you get a new credit card?
300
How many credit cards does the average consumer have?
What is nine credit cards?
300
What do you do when you have an incorrect charge on your credit card account?
What is call or visit the company in person and then send a letter of complaint?
400
What are the 3 factors that affect your credit card interest rate?
What is the "prime" rate, your credit score, and promotional offers?
400
Who are secured credit cards ideal for?
What is people trying to rebuild their credit?
400
What is the downside that comes with getting free travel with use of your credit card?
What is the credit cards have a sign-up bonus that is worth around $400 or $500 and an annual fee that is a little bit less than a hundred dollars?
400
What is the 20-10 rule?
What is you should avoid borrowing more than 20% of your annual net income and payments on those loans should not exceed 10% of your monthly net income?
400
What is the liability of credit card holders in the case of fraud?
What is $50?
500
What is the right way of closing a credit card account?
What is weight the good and bad, and then if you still want to close the account, call the 800 number on the card and speak with a live operator. Then specify you want the account closed at "the cardholder's request."
500
What are the worst type of credit cards and why?
What is subprime credit cards because they can be approved fast for even those with bad credit and have confusing terms that jump through loopholes of the law?
500
How do you see if you are profiting from your rewards?
What is divide the rewards you earned by how much you spent, and see what you come out with?
500
What are your FICO credit scores created with?
What is payment history, accounts owned, new credit, types of credit used, and length of credit history?
500
What is skimming?
What is when thieves use a device to steal credit card information in an otherwise legitimate credit or debit card transaction? For example, they place devices on common machines (e.g. ATMs) to record your keystrokes or store the credit information in their device.