Credit Cards Flashcards
1
Q
Where is a credit card application submitted through?
A
Centralized Accounts and Lending (CAL)
2
Q
Credit card debt is considered a _________ line of credit.
A
Revolving
3
Q
At FirstBank, there is no maturity if credit limit is less than $50,000 (T/F)
A
True
4
Q
What is the best use of credit cards?
A
Short term cash flow needs
5
Q
Revolving debt goes in what section of PFIA?
A
Current liabilities
6
Q
Balance sheet gives a financial __________ on a _________ day.
A
Snapshot, specific
