Credit vs. Debit Cards

When you have a credit card or loan you are _______ money from a bank or credit card company.

What is one downfall to having a low credit score?

Interest rates for credit cards are ______.

What age do you have to be to apply for a credit card?

This is maximum amount of money you can charge to your credit card

At what age can you start developing a credit score independently?

What are you charged if you carry over a balance each month?

At the end of each month the credit card company will send you a _______ that informs you of all the transactions from that month.

This is the minimum amount of money you have to pay each month to stay in good standings with the credit card company

True or False- a transaction can take 3-5 business days to post to your account.

Which card keeps a running balance all month and then send a bill at the end of the month?

Whose money is associated with a debit card?

When you owe someone money you are in ________.

If you have a bank account you can get a ______ card.

True or False - Your credit score is randomly assigned to you

What is one benefit to having a high credit score?