Credit Cards

Question 1

A credit card allows you to borrow money up to a set _____.

Answer 1

limit

Question 2

The _______ is what you currently owe on the card.

Answer 2

balance

Question 3

The smallest amount you must pay each month is called the _______ payment.

Answer 3

minimum

Question 4

If you don’t pay in full, you may be charged _______.

Answer 4

interest

Question 5

Paying off your full balance within the _____ period helps you avoid interest.

Answer 5

grace

Question 6

Using more than __% of your credit limit can hurt your credit score.

Answer 6

30

Question 7

Using a credit card responsibly helps build your ______ score.

Answer 7

credit

Question 8

The ____ _____ is the day your payment is due each month.

Answer 8

due date

Question 9

Setting up __________ payments helps you avoid missed payments.

Answer 9

automatic

Question 10

Credit cards can offer _______ like cash back or travel points.

Answer 10

rewards

Question 11

A credit card can be useful in case of an __________ when cash isn’t available.

Answer 11

emergency

Question 12

Always pay your balance in ____ each month.

Answer 12

full

Question 13

Make your payments on ____ to avoid late fees and protect your score.

Answer 13

time

Question 14

Try to use less than ___% of your total credit limit.

( ideally under __% )

Answer 14

30

10

Question 15

Only spend what you can afford to ___ back.

Answer 15

pay

Question 16

Set up __________ payments so you never miss a due date.

Answer 16

automatic

Question 17

Check your monthly __________ for mistakes or fraud.

Answer 17

statement

Question 18

Avoid opening too many _____ at once.

Answer 18

cards