Welcome to...

A Game of X’s and O’s

7 8 9

4 5 6

1 2 3

7 8 9

4 5 6

1 2 3

Scoreboard

X

O

Click Here ifX Wins

Click Here ifO Wins

1

Zero liability means you are not responsible for fraudulent charges on

your card.

1

True! Zero liability means you are not responsible for fraudulent charges on your card,

if you report them promptly.Home

2

Your credit card balance is the maximum dollar amount that can be charged on your credit card.

2

False! Credit limit is the maximum dollar amount that can be charged on your credit card.

Home

3

Overdraft protection is a service that protects you from penalties for writing checks with insufficient funds.

3

True! Overdraft protection is a service that protects you from penalties for writing checks with

insufficient funds. Home

4

The true cost of a credit card purchase includes the tax of that purchase.

4

False! The true cost of a credit card purchase includes any interest pay as a result of that purchase.

Home

5

Credit card rating is the yearly interest rate charged on outstanding credit card balances.

5

False! APR is the yearly interest rate charged on outstanding credit card balances.

Home

6

One of the advantages of having a credit card is that you can increase your impulse buying habits.

6

False! It’s best to use credit cards for needs rather than wants.

Home

7

An introductory rate is a temporary interest rate offered by a credit card company as a promotion.

7

True! An introductory rate is a temporary interest rate offered by a credit card company as a promotion. It

usually last for 6-12 months, then increases.

Home

8

A disadvantage of credit cards is it’s cost to you in interest and fees.

8

True! Credit cards cost to you is in interest and fees. Banks need to make money too!

Home

9

Annual Percentage Rates (APRs) rates are always fixed.

9

False! Annual Percentage Rates (APRs) rates can be fixed or variable.

Home