Everfi Module 3 Payments

Paying more than the minimum payment can

If you're already in debt, try to avoid

The average minimum payment only equals 2 to 3% of your total debt, so making only the minimum payments on your credit card bill may

When choosing a credit card, look for

Credit card rewards programs can be appealing, but

If you charge something to your credit card and don't pay off the full balance before the next billing cycle, you'll be

Credit cards typically charge high

You can avoid paying high interest rates by paying off your credit card in

Credit cards allow you to build your credit history and may protect you against fraudulent charges, but also come with

Debit cards can help you stick to a budget, but

Unlike credit cards, debit cards will not

With certain paper payment methods - like cash, cashier's checks, and money orders - you are providing

With debit cards and checks, however, the money for a purchase comes

When you use a credit card to make a purchase, you're getting a loan

With debit cards (sometimes called check cards), the money is

Which of the following payment types require you to pay upfront?

Which of the following is true?

Which of the following statements comparing debit cards to credit cards is TRUE?

Which of the following is NOT true of credit cards?

Which payment method typically charges the highest interest rates?

Which of the following tells you how much your credit card interest will be if you only pay the minimum balance each month?

Which payment type can help you stick to a budget?

Which of the follow will happen if you miss a monthly credit card payment?

If you are planning to carry a large balance on your credit card, which of the following credit card features should you look for?

What is a credit limit?

The annual percentage rate on a credit card determines _______.

What is the amount of money you still owe to their credit card company called?

Making a credit card minimum payment:

Which of the following is true of both paying with a check and paying with a debit card?

Which of the following can increase your credit cards APR?

The amount of money you can charge to a credit card is called:

hat is a credit card balance?

Which of the following are true if you pay only the minimum amount each month towards your credit card bill?

Which of the following is NOT a common credit card fee?

Which payment type is best if you are trying to stick to a budget?