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Credit Card Basics  Chapter 5: Using credit wisely
Savvy spenders use credit carefully. Discover when it's smart to pull out a card and when it's not.
 
   
Using credit wisely

 

Credit Card Basics: Chapter 5 quiz

If you think you've mastered the material in this chapter, take our quiz. After you click the ''submit'' button, the answers will appear below.

  1. True or false: According to the Fair Credit Billing Act, if you have a problem with something you've purchased with a credit card, you have 60 days after receiving the statement containing the disputed charge to notify the credit card company of the problem.
    True
    False

  2. The disadvantage of air mile credit cards is:
    High interest rates and annual fees.
    Possible limitations on travel.
    All of the above.

  3. True or false: Secured credit cards are an excellent way to build a respectable and credit-worthy payment history.
    True
    False

-- Updated: May 1, 2006
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