Credit card unit review | Baamboozle - Baamboozle

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20

What is credit?

Money borrowed now with the understanding it will be paid back later

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15

What is an example of revolving credit?

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Which is not an example of credit?

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What is the annual interest rate you'll be charged if you carry a balance on your credit card?

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eraser

Reset score!

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fairy

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gift

Win 20 points!

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lifesaver

Give 25 points!

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What means how trusted you are to pay back money you borrow?

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25

How many credit reports can you get for free per year? Why?

Three because there are three different credit reporting agencies

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baam

Lose 20 points!

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star

Double points!

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fairy

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baam

Lose 15 points!

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What is an advantage of using credit?

Example: You can buy expensive stuff and pay later

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What happens when you have a bad credit score?

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What are three things you can do to increase your credit score?

Answers vary

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You should give an employer your credit card number after you get a new job

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The least amount of money required to be paid on a line of credit is called

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What is an example of non- revolving credit?

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What are three disadvantages of credit?

Answers vary

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Other team loses 15 points!

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