What is the #1 reason people give for paying a credit card bill late?
forgot
If you’re trying to gain access to a credit card before you turn 21, which of the suggestions rely on the support of your parent or guardian
Be added as an authorized user on someone else’s credit card
get a cosigner
What is a secured credit card?
a credit card with an up front cash depost
What's the difference between a debit card and a credit card?
What happens if you only make the minimum payment on your credit card statement?
What are the possible consequences of making a late payment on your credit card?
What term describes the amount you must pay in order to be considered “up-to-date” with your credit card payments?
closing balance
interest rate
APR
minimum payment
Explain the importance of reading through your credit card statement regularly.
What is our coping skill of the day?
As a co-signer, you open an account and an adult signs on with you; as an authorized user, you are added to someone’s existing account
True
False
