Title: A flexible credit card account accepted for purchase
1Welcome to
2But first, a message from our sponsor.
Did you know.
3Credit Cards 101
4Types of Cards - 100
- Answer
- A flexible credit card account accepted
for purchases anywhere made available by a
financial institution.
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6Types of Cards - 100
- Question
- What is a bank credit card?
7 Types of Cards - 500
- Answer
-
- A high status credit card account which requires
higher credit qualifications and offers special
benefits.
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9 Types of Cards - 500
- Question
- What is a prestige card?
10 Types of Cards - 1000
- Answer
- A credit card account made available by a
financial institution with the logo of a
sponsoring organization.
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12 Types of Cards - 1000
- Question
- What is an affinity card?
13Types of Cards - 2000
- Answer
- An account which allows for customers to make
credit card purchases at a particular retailer
such as The Buckle or Old Navy.
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15Types of Cards - 2000
- Question
- What is a retail credit card?
16And now, another word from our sponsor
17General Credit - 100
- Answer
- The amount of time, in days, allowed to the
cardholder between the day the items are charged
on the credit card and the day finance charges
begin to apply.
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19General Credit - 100
- Question
- What is the grace period?
20General Credit - 500
- Answer
- A credit report from one, two, or three of the
credit bureaus, with or without credit scores,
accessed by a creditor to check the status of
your credit and/or credit score.
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22 General Credit - 500
- Question
- What is an Infile Credit Report?
23General Credit - 1000
- Answer
- Requires creditors to provide complete and
accurate information about credit costs and
terms. -
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25General Credit - 1000
- Question
- What is the Truth-in-Lending Act?
26General Credit - 2000
- Answer
- Prohibits abusive collection practices.
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28General Credit - 2000
- Question
- What is the Fair Debt Collection Practices Act?
29And now, a break from our regularly scheduled
program
30Credit Scores - 100
- Answer
- 35 of an individuals FICO score is based on
this category.
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32Credit Scores - 100
- Question
- What is your Payment History?
33Credit Scores - 500
- Answer
- 30 of your FICO score is based on this category.
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35Credit Scores - 500
- Question
- What is your Amounts Owed?
-
36Credit Scores - 1000
- Answer
- A term primarily used by accountants to describe
a situation when a creditor eliminates the
balance due on an account but does not remove the
obligation of the debt.
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38Credit Scores - 1000
- Question
- What is a charge-off?
39Credit Scores - 2000
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41Credit Scores - 2000
- Question
- What is Fair Isaacs Company?
42Credit Knowledge - 100
- Answer
- The amount of time negative information on a
credit report may be reported to a credit bureau
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44Credit Card Knowledge - 100
- Question
- What is seven years
45Credit Card Knowledge - 500
- Answer
- Pre-approved credit which can be used for the
purchase of items now and the payment of them
later.
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47Credit Card Knowledge - 500
- Question
- What is a credit card?
48Credit Card Knowledge - 1000
- Answer
- A fee charged for a cash withdrawal
from a credit card account.
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50Credit Card Knowledge - 1000
- Question
- What is a cash advance transaction fee?
51Credit Card Knowledge - 2000
- Answer
- A fee charged when the cardholder does not make
the minimum monthly payment by
the due date.
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53Credit Card Knowledge - 2000
Question What is a late payment fee?
54 55Final Trivia
- Answer
- The Latin word meaning I believe.
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57Final Trivia