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Introducing the Credit Card

Exercise 6

Choose the best answer.

  • 1. What would the approximate annual rewards be for the first year in the Capital One Cash Rewards example above?
    1. $134.25
    2. $162.38
    3. $201.38
    4. $324.76
  • 2. What can travel rewards be used for?
    1. Hotel rooms
    2. Airline tickets
    3. Cruises
    4. Vacation packages
    5. All of the above
  • 3. What would happen to the rewards from the sample if you also put your insurance payments on the card?
    1. It would go up because the total spent would go up.
    2. It would go down because the total spent would go up.
    3. It would go up because the total spent would go down.
    4. It would go down because the total spent would go down.

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