You’re a Credit Card Owner. Now What?
Exercise 1
Choose the best answer.
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1.
How much money is on a credit card?
- $500
- $5,000
- $50,000
- It depends on a person’s credit worthiness
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2.
How do you know how much money you can use on a card?
- Check the credit limit
- Check the available balance
- Check your credit score
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3.
If your credit limit is $1,500 and your available balance is $500, how much money have you charged to the card?
- $1,500
- $2,000
- $1,000
- $500
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4.
If you owe $100 on your credit card and have a $900 line of credit, how much is your available credit?
- $800
- $1,000
- $900
- $100
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5.
If your current amount due is $200 and your available balance is $550, how much is your credit limit?
- $650
- $550
- $350
- $750