Why is a credit card a type of debt Everfi?

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  • School Overhills High School
  • Course Title JAPANESE 2 NCVPS
  • Type

    Notes

  • Pages 3

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Mr. Fischer- Financial LiteracyName:Financial Literacy EverFi ModulePayments, Interest Rates and Credit CardsSection 1- Pre Assessment**Write down the questions and what you answeredSection 2- Payment Types1.What is a payment type? Give some examples…2.What is a credit card payment? Explain it in detail…3.What is interest in regards to credit? Explain…PaperGive a few examples of payment types…What is a money order? What is safer to use a money order or a check?PlasticWhat does PIN stand for?What is the important thing to know about debit cards?What is the difference between and ATM and Debit card?Credit CardsWhat are merchant cards?What are Charge cards?Cash Advance

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What does cash advance mean?If you can help it should you use this payment type? Why or why not?Section 3- Credit Card Terms1.What is a Credit Limit?2.What is an APR and what does it stand for?3.What is a grace period?

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Credit card, Cheque, Rufus, detail, Mr Fischer Financial Literacy

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What is the benefit of having a good credit score Everfi?

You'll get accepted to better education institutions. You'll get more job offers. When you need a loan, you'll have more loan offers to pick from. Having a great credit score will make it easier for you to get into a better educational institution.

What is a benefit of having a good credit score quizlet Everfi?

What are benefits of having a good credit score? - more loan offers to pick from. - better interest rates on your loans. a loan backed by collateral (something valuable such as a car, home, boat, etc.)

Which is a positive reason for using a credit card to finance purchases Everfi?

Which is a positive reason for using a credit card to finance purchases? You will get charged high interest. You won't have to budget for your credit card expenses.

What is the best strategy to avoid paying interest on your credit cards Everfi?

The best way to avoid paying interest on your credit card is to pay off the balance in full every month. You can also avoid other fees, such as late charges, by paying your credit card bill on time.

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