Choose wisely. There is only one correct answer to each question.
0%
Keep studying!
Review your answers below to learn more.
1.
Which of the following organizations offer credit cards?
All of the above. There are thousands of banks, credit unions, and other organizations that offer credit cards.
2.
When shopping for a credit card, you should evaluate several cards because ________.
Their interest rates, fees, and other features differ. The knowledgeable credit card user can score great deals this way.
3.
Shopping for a good credit card deal is easy because there are only a few large organizations that offer credit cards.
False. There are thousands of banks, credit unions, and other organizations that offer credit cards.
4.
In credit card language, universal default means that _______.
If you make a late payment to a creditor, some other creditor can penalize you for it. When evaluating credit card offers, read the fine print to see if they do this, because not all cards do.
5.
Which of the following is not a factor in comparing credit cards?
None of the above. All are factors to be considered when comparison shopping for a credit card that best suits your needs.