Credit card unit review | Baamboozle - Baamboozle

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What is credit?

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

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Once your credit score is calculated, there's nothing you can do to change it

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What are three advantages of credit?

Answers vary

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If you have a good credit score, you are more likely to

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trap

No points!

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shark

Other team loses 10 points!

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fairy

Take points!

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banana

Go to last place!

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What is an example of non- revolving credit?

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

Answers vary

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After paying off the balance, which type of credit can be used again?

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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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What is revolving credit?

A line of credit that can be used over and over again

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Which is not an example of credit?

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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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trap

No points!

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magnet

Take 15 points!

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fairy

Take points!

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baam

Lose 5 points!

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thief

Give points!

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star

Double points!

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shark

Other team loses 25 points!

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thief

Give points!

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

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