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