Beginning Computer Applications
Credit Cards
Name___________________
Define the following terms:
1. Credit –
2. Interest –
3. Credit limit –
4. APR –
5. Credit cards require a minimum monthly payment. Why do you not want to pay only this
minimum payment?
6. List at least 5 ADVANTAGES to using credit cards:
7. List at least 5 DISADVANTAGES to using credit cards:
8. When shopping for credit cards—what are some features you want to have?
9. What should you do if your credit card is stolen?
10. How can you handle credit cards in a positive way?