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Credit Card Jeopardy Welcome to… But first, a message from our sponsor. Did you know….

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Presentation on theme: "Credit Card Jeopardy Welcome to… But first, a message from our sponsor. Did you know…."— Presentation transcript:

1

2 Credit Card Jeopardy Welcome to…

3 But first, a message from our sponsor. Did you know….

4 Credit Cards 101 Types of CardsGeneral CreditCredit Scores Credit Card Knowledge $100 $500 $1000 $2000

5 Types of Cards - $100 Answer: A flexible credit card account accepted for purchases anywhere made available by a financial institution.

6 5 43 2 1 Times up!

7 Types of Cards - $100 Question: What is a bank credit card?

8 Types of Cards - $500 Answer: A high status credit card account which requires higher credit qualifications and offers special benefits.

9 5 43 2 1 Times up!

10 Types of Cards - $500 Question: What is a prestige card?

11 Types of Cards - $1000 Answer: A credit card account made available by a financial institution with the logo of a sponsoring organization.

12 5 43 2 1 Times up!

13 Types of Cards - $1000 Question: What is an affinity card?

14 Types 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.

15 5 43 2 1 Times up!

16 Types of Cards - $2000 Question: What is a retail credit card?

17 And now, another word from our sponsor…

18 General 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.

19 5 43 2 1 Times up!

20 General Credit - $100 Question: What is the grace period?

21 General 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.

22 5 43 2 1 Times up!

23 General Credit - $500 Question: What is an Infile Credit Report?

24 General Credit - $1000 Answer: Requires creditors to provide complete and accurate information about credit costs and terms.

25 5 43 2 1 Times up!

26 General Credit - $1000 Question: What is the Truth-in-Lending Act?

27 General Credit - $2000 Answer: Prohibits abusive collection practices.

28 5 43 2 1 Times up!

29 General Credit - $2000 Question: What is the Fair Debt Collection Practices Act?

30 And now, a break from our regularly scheduled program…

31 Credit Scores - $100 Answer: 35% of an individuals FICO score is based on this category.

32 5 43 2 1 Times up!

33 Credit Scores - $100 Question: What is your Payment History?

34 Credit Scores - $500 Answer: 30% of your FICO score is based on this category.

35 5 43 2 1 Times up!

36 Credit Scores - $500 Question: What is your Amounts Owed?

37 Credit 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.

38 5 43 2 1 Times up!

39 Credit Scores - $1000 Question: What is a charge-off?

40 Credit Scores - $2000 Answer: FICO.

41 5 43 2 1 Times up!

42 Credit Scores - $2000 Question: What is Fair Isaacs & Company?

43 Credit Knowledge - $100 Answer: The amount of time negative information on a credit report may be reported to a credit bureau

44 5 43 2 1 Times up!

45 Credit Card Knowledge - $100 Question: What is seven years

46 Credit Card Knowledge - $500 Answer: Pre-approved credit which can be used for the purchase of items now and the payment of them later.

47 5 43 2 1 Times up!

48 Credit Card Knowledge - $500 Question: What is a credit card?

49 Credit Card Knowledge - $1000 Answer: A fee charged for a cash withdrawal from a credit card account.

50 5 43 2 1 Times up!

51 Credit Card Knowledge - $1000 Question: What is a cash advance transaction fee?

52 Credit Card Knowledge - $2000 Answer: A fee charged when the cardholder does not make the minimum monthly payment by the due date.

53 5 43 2 1 Times up!

54 Credit Card Knowledge - $2000 Question: What is a late payment fee?

55 Final Trivia

56 Final Trivia Answer: The Latin word meaning I believe.

57 5 43 2 1 Times up!

58 Final Trivia Question: What is credo?


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