Credit
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | A yearly fee.
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| show | Describes the interest rate for a whole year (annualized), rather than just a monthly fee/rate, as applied on a loan, mortgage loan, credit card, etc. It is a finance charge expressed as an annual rate
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| show | An agreement between a buyer and a seller in which the buyer receives the good or service in advance and makes payment later, often over time and usually with interest.
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| Credit Card | show 🗑
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| Credit Limit | show 🗑
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| show | The date by which a debt or other payment must be paid in order not to be late
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| show | An introductory rate is an interest rate charged to a customer during the initial stages of a loan. The rate, which can be as low as 0%, is not permanent and after it expires a normal or higher than normal rate will apply.
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| Late Payment Fee | show 🗑
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| Minimum Payment | show 🗑
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| Over Limit Fee | show 🗑
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| show | Penalty annual percentage rates (APRs) are high interest rates that can be triggered by the slightest infraction such as just one payment that is received a day late.
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| Pre-approved | show 🗑
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| show | A charge a credit card company may assess to a customer's account if the customer attempts to pay a credit card bill with a check that is returned unpaid.
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Created by:
Neha Ali
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