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Published byLizette Hazle Modified over 10 years ago
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Credit Card Jeopardy Welcome to…
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But first, a message from our sponsor. Did you know….
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Credit Cards 101 Types of CardsGeneral CreditCredit Scores Credit Card Knowledge $100 $500 $1000 $2000
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Types of Cards - $100 Answer: A flexible credit card account accepted for purchases anywhere made available by a financial institution.
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Types of Cards - $100 Question: What is a bank credit card?
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Types of Cards - $500 Answer: A high status credit card account which requires higher credit qualifications and offers special benefits.
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Types of Cards - $500 Question: What is a prestige card?
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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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Types of Cards - $1000 Question: What is an affinity card?
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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.
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Types of Cards - $2000 Question: What is a retail credit card?
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And now, another word from our sponsor…
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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.
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General Credit - $100 Question: What is the grace period?
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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.
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General Credit - $500 Question: What is an Infile Credit Report?
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General Credit - $1000 Answer: Requires creditors to provide complete and accurate information about credit costs and terms.
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General Credit - $1000 Question: What is the Truth-in-Lending Act?
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General Credit - $2000 Answer: Prohibits abusive collection practices.
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General Credit - $2000 Question: What is the Fair Debt Collection Practices Act?
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And now, a break from our regularly scheduled program…
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Credit Scores - $100 Answer: 35% of an individuals FICO score is based on this category.
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Credit Scores - $100 Question: What is your Payment History?
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Credit Scores - $500 Answer: 30% of your FICO score is based on this category.
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Credit Scores - $500 Question: What is your Amounts Owed?
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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.
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Credit Scores - $1000 Question: What is a charge-off?
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Credit Scores - $2000 Answer: FICO.
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Credit Scores - $2000 Question: What is Fair Isaacs & Company?
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Credit Knowledge - $100 Answer: The amount of time negative information on a credit report may be reported to a credit bureau
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Credit Card Knowledge - $100 Question: What is seven years
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Credit 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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Credit Card Knowledge - $500 Question: What is a credit card?
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Credit Card Knowledge - $1000 Answer: A fee charged for a cash withdrawal from a credit card account.
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Credit Card Knowledge - $1000 Question: What is a cash advance transaction fee?
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Credit 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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Credit Card Knowledge - $2000 Question: What is a late payment fee?
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Final Trivia
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Final Trivia Answer: The Latin word meaning I believe.
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Final Trivia Question: What is credo?
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