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15
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Give one example of a "reward" you can earn from using your credit card?
Points, hotels, miles, cash back
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15
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Why do people set up bank alerts?
To prevent fraud and make sure they are keeping up with their finances.
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15
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Credit or Debit: Having to pay a bill for the money you spent on a card.
Credit
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15
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What happens when a house goes into foreclosure? What does this mean?
The home owner has not made payments and the bank is in the process of taking it over.
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Why should a person be cautious when using credit cards?
Overspending, get into debt.
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When you use this card, you are using your own money.
ATM/Debit Card
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When a person has spend the highest amount of money a credit card will allow you to. The total amount you can borrow.
Credit Card Limit
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boom
Lose 50 points!
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shark
Other team loses 10 points!
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gift
Win 20 points!
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lifesaver
Give 15 points!
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What is a cardholder?
The person who owns the credit card.
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baam
Lose 25 points!
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star
Double points!
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fairy
Take points!
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25
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lifesaver
Give 20 points!
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What does it mean if a person has "maxed out their credit card"?
They have charged the maximum amount possible.
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With a credit card, you are using ______ money. (your own or borrowed)
borrowed
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seesaw
Swap points!
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gold
Win 50 points!
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shark
Other team loses 10 points!
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thief
Give points!
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25
15
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Explain credit score.
A score a person gets based on their loands, credit cards, and financial responsibility.
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15
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Give 1-2 examples of bank notifications.
Suspicious activity, low balance, overdraft fee, large purchase, transfer
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15
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Explain one benefit of owning/using a credit card.
Answers will vary. You can pay back, use for emegencies, get rewards, etc.
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