HOW ARE YOU PAYING?
Name a type of credit card
VISA or Mastercard
Legally, how old do you have to be to get a credit card in Ontario?
18 years old
What is meant by the term CREDIT LIMIT?
A credit limit is the maximum amount you can normally spend on your credit card.
What is meant by the term INTEREST RATE?
Interest rate is the interest you are charged when you use your credit card for making payments in retail outlets or online. You only incur this interest rate if you don’t pay off your full balance by the due date.
AVERAGE INTEREST RATE on a standard credit card can range from approximately 19-25%