pixelCredit Cards - True or False   money index
pixel      
Credit Cards Quiz

  1. You must be aged 18 or over to have a credit card.
    TRUE

  2. You must pay off your account in full at the end of every month.
    FALSE - You only need to pay the minimum payment that the credit card Company asks for.

  3. An easy and cheap way to withdraw money is by using your credit card.
    FALSE - Most credit cards charge you an extra handling fee and a higher interest rate if you withdraw cash on your card.

  4. Interest rates are the same for all credit cards.
    FALSE - They vary a great deal!

  5. You can use a credit card instead of paying by cash or cheque.
    FALSE - Although many places do let you pay by credit card, there are some places that don't so you should always ask - especially in restaurants.

  6. Payment protection is a type of insurance.
    TRUE

  7. To avoid paying interest, you must pay off the amount shown on your statement before the date due.
    TRUE

Credit Cards  

   travel index | your rights | forms | resources
 

 
Copyright ©1998 - British Telecommunications plc
 

Last modified on: Sunday, June 14, 1998.