1. © Family Economics & Financial Education –Revised August 2009– The Essentials to Take Charge of Your Finances – Credit Advanced Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona 7.4.2.G2 Credit Card 101 Trivia

2. © Family Economics & Financial Education –Revised August 2009– The Essentials to Take Charge of Your Finances – Credit Advanced Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona 7.4.2.G2 Trivia Instructions Divide the students into teams of 3-5 Provide each team with a white board and a dry erase marker Have each team create a team name and write it on the board where points are being tallied Choose a team to select a category and point value Read the question and allow all of the teams 10 seconds to write their response on the paper Have the students hold their answers up at the same time Each time, award every team who answered the question correctly the money value indicated by the question –If they answer incorrectly, the teacher may take away the point value Allow the next team to choose the category and point value Continue until all of the questions have been answered The team with the most money at the end wins

3. © Family Economics & Financial Education –Revised August 2009– The Essentials to Take Charge of Your Finances – Credit Advanced Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona 7.4.2.G2 Credit Card 101 Trivia Schumer Box Understanding the Bill Credit Knowledge $100 $200 $300 $400 Final Trivia

4. © Family Economics & Financial Education –Revised August 2009– The Essentials to Take Charge of Your Finances – Credit Advanced Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona 7.4.2.G2 Schumer Box - $100 Answer: A fee charged once per year for credit card ownership.

5. © Family Economics & Financial Education –Revised August 2009– The Essentials to Take Charge of Your Finances – Credit Advanced Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona 7.4.2.G2 Schumer Box - $100 Question: What are annual fees?

6. © Family Economics & Financial Education –Revised August 2009– The Essentials to Take Charge of Your Finances – Credit Advanced Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona 7.4.2.G2 Schumer Box - $200 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.

7. © Family Economics & Financial Education –Revised August 2009– The Essentials to Take Charge of Your Finances – Credit Advanced Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona 7.4.2.G2 Schumer Box - $200 Question: What is the grace period?

8. © Family Economics & Financial Education –Revised August 2009– The Essentials to Take Charge of Your Finances – Credit Advanced Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona 7.4.2.G2 Schumer Box - $300 Answer: The interest rate charged to the card holder on the amount borrowed in terms of dollars per year.

9. © Family Economics & Financial Education –Revised August 2009– The Essentials to Take Charge of Your Finances – Credit Advanced Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona 7.4.2.G2 Schumer Box - $300 Question: What is the annual percentage rate?

10. © Family Economics & Financial Education –Revised August 2009– The Essentials to Take Charge of Your Finances – Credit Advanced Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona 7.4.2.G2 Schumer Box - $400 Answer: A fee charged when the cardholder does not make the minimum monthly payment by the due date.

11. © Family Economics & Financial Education –Revised August 2009– The Essentials to Take Charge of Your Finances – Credit Advanced Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona 7.4.2.G2 Schumer Box - $400 Question: What is late payment fee?

12. © Family Economics & Financial Education –Revised August 2009– The Essentials to Take Charge of Your Finances – Credit Advanced Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona 7.4.2.G2 Understanding the Bill - $100 Answer: The specified day by which the company requires payment to be made.

13. © Family Economics & Financial Education –Revised August 2009– The Essentials to Take Charge of Your Finances – Credit Advanced Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona 7.4.2.G2 Understanding the Bill - $100 Question: What is the due date?

14. © Family Economics & Financial Education –Revised August 2009– The Essentials to Take Charge of Your Finances – Credit Advanced Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona 7.4.2.G2 Understanding the Bill - $200 Answer: The charges assessed to the account if the balance is not paid in full by the end of the billing period.

15. © Family Economics & Financial Education –Revised August 2009– The Essentials to Take Charge of Your Finances – Credit Advanced Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona 7.4.2.G2 Question: What is finance charge ? Understanding the Bill - $200

16. © Family Economics & Financial Education –Revised August 2009– The Essentials to Take Charge of Your Finances – Credit Advanced Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona 7.4.2.G2 Answer: The maximum amount of charges allowed to an account. Understanding the Bill - $300

17. © Family Economics & Financial Education –Revised August 2009– The Essentials to Take Charge of Your Finances – Credit Advanced Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona 7.4.2.G2 Understanding the Bill - $300 Question: What is the credit limit?

18. © Family Economics & Financial Education –Revised August 2009– The Essentials to Take Charge of Your Finances – Credit Advanced Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona 7.4.2.G2 Understanding the Bill - $400 Answer: The fee assessed to the consumer if they charge over their credit line.

19. © Family Economics & Financial Education –Revised August 2009– The Essentials to Take Charge of Your Finances – Credit Advanced Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona 7.4.2.G2 Understanding the Bill - $400 Question: What is over the limit fee?

20. © Family Economics & Financial Education –Revised August 2009– The Essentials to Take Charge of Your Finances – Credit Advanced Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona 7.4.2.G2 Credit Knowledge - $100 Answer: A fee charged for a cash withdrawal from a credit card account.

21. © Family Economics & Financial Education –Revised August 2009– The Essentials to Take Charge of Your Finances – Credit Advanced Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona 7.4.2.G2 Credit Knowledge - $100 Question: What is a cash advance transaction fee?

22. © Family Economics & Financial Education –Revised August 2009– The Essentials to Take Charge of Your Finances – Credit Advanced Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona 7.4.2.G2 Credit Knowledge - $200 Answer: To receive a credit card, consumers 18 years of age and older must complete this.

23. © Family Economics & Financial Education –Revised August 2009– The Essentials to Take Charge of Your Finances – Credit Advanced Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona 7.4.2.G2 Credit Knowledge - $200 Question: What is a credit application?

24. © Family Economics & Financial Education –Revised August 2009– The Essentials to Take Charge of Your Finances – Credit Advanced Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona 7.4.2.G2 Credit Knowledge - $300 Answer: To increase credit card safety, the back of the card should include the cardholder’s signature and this.

25. © Family Economics & Financial Education –Revised August 2009– The Essentials to Take Charge of Your Finances – Credit Advanced Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona 7.4.2.G2 Credit Knowledge - $300 Question: What is “ Please See ID?”

26. © Family Economics & Financial Education –Revised August 2009– The Essentials to Take Charge of Your Finances – Credit Advanced Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona 7.4.2.G2 Credit Knowledge - $400 Answer: The act which requires credit institutions to list the costs of credit cards.

27. © Family Economics & Financial Education –Revised August 2009– The Essentials to Take Charge of Your Finances – Credit Advanced Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona 7.4.2.G2 Credit Knowledge - $400 Question: What is the Federal Truth in Lending Act?

28. © Family Economics & Financial Education –Revised August 2009– The Essentials to Take Charge of Your Finances – Credit Advanced Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona 7.4.2.G2 Final Trivia

29. © Family Economics & Financial Education –Revised August 2009– The Essentials to Take Charge of Your Finances – Credit Advanced Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona 7.4.2.G2 Final Trivia Answer: The three steps to receiving a credit card.

30. © Family Economics & Financial Education –Revised August 2009– The Essentials to Take Charge of Your Finances – Credit Advanced Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona 7.4.2.G2 Final Trivia Question: What are credit application, credit investigation, and award or denial of credit?