credit cards
Credit Card Basics: Chapter 1 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. What is an important question to ask before signing up for a "special introductory rate" credit card?

    Where do I send my payment?
    Can I get a cash advance?
    What will the rate be after the introductory period?


  2. True or false: Credit cards rates are directly affected by interest-rate fluctuations initiated by the Federal Reserve.

    True
    False


  3. True or false: You need to buy theft insurance in case your card is lost or stolen and someone else goes on a shopping spree.

    True
    False


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Compare Credit Card Rates



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Credit Card Averages
Product Rate
Balance Transfer Cards 14.54%
Cash Back Cards 14.71%
All Variable 11.68%
Low Interest Cards 9.71%
Compare rates:  
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