Which Answer Best Describes a Credit Card

Paying 20 of your credit card balance every month on time. Which answer choice best describes the debt snowball method.

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Which of the following statements best describes your right to check your credit history for accuracy.

. Credit cards pull money directly from your bank account while debit cards get their money from Visa or Mastercard Credit card companies provide you with a monthly statement while debit cards do not 15 With debit cards youre spending your own money at point of sale while with credit cards youre promising to pay back the money eventually. Easily Browse Our Best Credit Cards. Pay off credit cards in order of interest they carry highest interest first c.

Fredy has a savings account worth 1000 that earns 2 interest a student loan of 40000 that charges 46 interest and a credit card bill that has 1500 on it with a 234 interest rate. An unsecured term loan. Credit card debt is the balance owed on one or more credit cards.

Question 6 Which scenario best describes how a stolen credit card number is used to enrich the thief. Pay off credit cards in order of interest they carry lowest interest first. The credit card company extends you a line of credit.

The best credit card to have is dependent on what one is looking for in a credit card. Which term best describes the strategy employed when a credit card company offers new customers 0 percent annual percentage rate for the first year. A secured term loan.

Credit cards are relatively hard to get - Nope Only banks issue credit Cards - Nope for example VISA is not a bank Credit card report does not affect your eligibility for a credit card - Nope if your previous record say that you. Compare based on category credit score rewards type signup bonus and more. All debit card transactions are processed simultaneously at the end of the day.

He has a budget surplus of 300 at the end of the month. The carders then encode credit card blanks with the stolen numbers and resell the cards. Which best describes interest.

Pay off credit cards in order of balance amount highest balance first. Every day that goes by with a balance left over on the card will cost the cardholder a certain amount. Your credit record can be checked at any time for free c.

Scoundrel 369 9 months ago. With a credit card debt the cardholder is required to pay only a portion of the balance each month while the rest rolls into the next month. Making the minimum payment 3 of your credit card balance every month on time.

A Making a purchase at an online store that uses public key encryption to transmit credit card information. None of the other options is correct. Which best describes how a credit card works.

America Online AOL Question 2. Interest is another word for the cash and rewards you get from using certain credit cards. The credit cards have been always described as being open and unsecured.

Finance questions and answers. The term which best describes the tactic these criminals were using is. If you are turned down for credit based on a credit report the record can be checked.

Financial Literacy Quiz ANSWERS Answers are in bold. That means it is a revolving debt. A secured demand loan.

Pay off credit cards in order of balance amount lowest balance first. Which of the following best describes credit card debt. An attacker has intercepted network packets between a browser and web server.

Which answer choice best desciribes the debt snowball method. You purchase stuff and the purchase gets directly paid with funds in your checking account. A session id credit card information etc.

Ad Our Nerds Have Done The Work For You. If one is looking for a card that offers cash back rewards then. The credit card company extends you a line of credit.

Interest is the cost associated with using credit and it ultimately makes any purchase made using credit more expensive than the same. Paying off your credit card bill in full every month. The transaction is completed almost immediately after making the purchase.

The credit card company extends you a line of credit. The credit card company extends you a line of credit. The credit cards are D.

The answer is C. Which best describes how a credit card works. You then pay a small percentage of the cost of those purchases in one annual payment.

Which of the following activities poses the greatest personal cybersecurity risk. Which of the following best describes credit card debt. Credit cards are post pay and the card provider usually charges a nominal amount of interest on the amount of credit used this interest is payable on an agreed date along with the amount of the credit utilised.

Pay off credit cards in order of interest they carry highest interest first. Pay off credit cards in order of interest they carry lowest interest first b. You cant see your credit record b.

Which of the following most accurately describes when a debit card transaction takes effect. For 24 hours criminals placed a device on a credit card reader at a local gas station and stole the credit card account Informa. You then pay a small percentage of the cost of those purchases in one annual payment.

Debit card transactions are completed when you pay. Most US households have at least one credit card its true according to recent surveys done by credit card companies. Practice exam questions 6 Posted on April 4 2017.

Interest is a method by which you can compare the cost of comparable purchases. B Paying a bill using a secure electronic payment system. PhishingPhishing TacticPhishing is a type of social engineering whe.

The transaction takes two to three business days to clear. Credit card thieves sell stolen credit cards directly to carders using weekly dark web auctions. Which of these credit card payback strategies would have the highest interest paid.

Pay off credit cards in order of balance amount lowest balance first d. The attack then re-transmits the intercepted data to the web server hoping the server will respond with useful information eg. You purchase stuff and then have the choice to pay the balance in full or a minimum payment each month.

An unsecured demand loan. Which option best describes the following situation.

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