Pre-Lesson Assessment: Debit & Credit Cards

Credit cards incur _________________ interest.

To avoid interest charges you must pay your account balance to $0 each month.

A credit card’s billing cycle will always span exactly 30 days.

A credit card’s reporting date will typically be within a few days after the closing date.

Paying your entire credit card statement in full (example: billed $100; pay $100) every month will not build your credit as fast as leaving a portion of your bill unpaid and carrying a small balance (example: billed $100; pay $90).