credit card jeopardy welcome to… but first, a message from our sponsor. did you know…

Credit Card Jeopardy

Welcome to…

But first, a message from our sponsor. Did you know….

Credit Card’s 101

Types of Cards General Credit Credit ScoresCredit Card Knowledge

$100 $100 $100 $100

$500 $500 $500 $500

$1000 $1000 $1000 $1000

$2000 $2000 $2000 $2000

Types of Cards - $100

Answer:A flexible credit card account accepted

for purchases anywhere made available by a financial institution.

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Types of Cards - $100

Question:What is a bank credit card?

Types of Cards - $500

Answer:

A high status credit card account which requires higher credit qualifications and

offers special benefits.

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Types of Cards - $500

Question:What is a prestige card?

Types of Cards - $1000

Answer:A credit card account made available by a

financial institution with the logo of a sponsoring organization.

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Types of Cards - $1000

Question:What is an affinity card?

Types of Cards - $2000

Answer: An account which allows for customers to

make credit card purchases at a particular retailer such as The Buckle or

Old Navy.

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Types of Cards - $2000

Question:What is a retail credit card?

And now, another word from our sponsor…

General Credit - $100

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.

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General Credit - $100

Question:What is the grace period? 

General Credit - $500

Answer:A credit report from one, two, or three of the credit bureaus, with or without credit scores, accessed by a creditor to check

the status of your credit and/or credit score.

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General Credit - $500

Question:What is an Infile Credit Report?

General Credit - $1000

Answer:Requires creditors to provide complete and

accurate information about credit costs and terms.

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General Credit - $1000

Question:What is the Truth-in-Lending Act?

General Credit - $2000

Answer:Prohibits abusive collection practices.

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General Credit - $2000

Question:What is the Fair Debt Collection Practices

Act?

And now, a break from our regularly scheduled program…

Credit Scores - $100

Answer:35% of an individual’s FICO score is based

on this category.

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Credit Scores - $100

Question:What is your Payment History?

Credit Scores - $500

Answer:30% of your FICO score is based on this

category.

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Credit Scores - $500

Question:What is your Amounts Owed?

Credit Scores - $1000

Answer: A term primarily used by accountants to

describe a situation when a creditor eliminates the balance due on an account but does not remove the

obligation of the debt.

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Credit Scores - $1000

Question:What is a “charge-off”?

Credit Scores - $2000

Answer:FICO.

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Credit Scores - $2000

Question:What is Fair Isaacs & Company?

Credit Knowledge - $100

Answer:The amount of time negative information

on a credit report may be reported to a credit bureau

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Credit Card Knowledge - $100

Question:What is seven years

Credit Card Knowledge - $500

Answer:Pre-approved credit which can be used

for the purchase of items now and the payment of them later.

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Credit Card Knowledge - $500

Question:What is a credit card?

Credit Card Knowledge - $1000

Answer: A fee charged for a cash withdrawal

from a credit card account.

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Credit Card Knowledge - $1000

Question:What is a cash advance transaction fee?

Credit Card Knowledge - $2000

Answer:A fee charged when the cardholder does not make the minimum monthly payment

by the due date.

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Credit Card Knowledge - $2000

Question:What is a late payment fee?

Final

Trivia

Final Trivia

Answer:The Latin word meaning ‘I believe.’

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Final Trivia

Question:What is credo?