Choose wisely. There is only one correct answer to each question.
0%
Keep studying!
Review your answers below to learn more.
1.
When comparing credit cards, the annual percentage rate (APR) is more important if you don't pay your bill in full each month.
True. The APR is the interest rate you will pay on any balance outstanding on your credit card each month. A lower APR can result in substantial savings.
2.
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.
3.
If your credit card offers cash-back rewards and you have excellent credit, your credit card might raise your cash-back percentage for you.
True. Some cards do this periodically to get you to use them.
4.
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.
5.
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.