Credit Cards
If you don't pay your full credit card balance, the bank may charge you this?
What is interest?
This 4-digit code is used to authenticate transactions at ATMs and point-of-sale terminals.
What is a PIN?
This type of account is usually better for setting money aside for future goals.
What is a savings account?
EDC tickets, boba drinks, and designer clothing usually falls under this budget category.
What are wants?
What is your balance?
A debit card is different from a credit card because you are spending this.
What is your own money?
You got paid Friday, bought food, clothes, and concert tickets Saturday, and now you’re broke Monday. This is a sign you probably need one of these.
What is a budget?
This is money you spend on things like food, gas, clothes, subscriptions, or entertainment.
What are expenses?
True or False: Cutting up your credit card is the same as closing it.
What is false.
This machine lets you withdraw cash, check balances, and sometimes make cash/check deposits.
What is an ATM?
A credit card is this type of credit.
What is revolving?
This is the amount you must pay each month to avoid being late, but paying only this can cost you more over time.
What is the minimum payment?
This type of bank account is usually used for everyday spending.
What is a checking account?
This is the 3-digit number that helps lenders decide how risky it is to lend you money.
What is a credit score?
What is the minimum age to apply for a credit card in your own name?
What is 18 years old?
Applicants 18–20 y/o will also need to show independent income or have a co-signer who is 21 y/o or older. Anyone under 18 cannot open their own card but can be added as an authorized user on someone else’s account.
This beginner-friendly credit card has a high approval rate, requires a security deposit that usually becomes your credit limit.
What is a secured credit card?
This fee can sometimes be assessed when your bank allows a purchase even though you didn’t have enough money.
What is an overdraft fee?
This paycheck method sends your money straight to your bank account, so you don’t need to go into the bank to deposit a paper check.
What is direct deposit?
What year did I start working at CPB?
What is 2019?