It is better to have a fixed-rate credit card than a variable-rate credit card so you don't have to worry about your APR being raised.

True

False

Paying only the minimum monthly payment is a good way to pay off your credit card debt.

True

False

If you do not purchase credit card theft insurance, you will be responsible for whatever charges a thief puts on your account if your card is stolen.

True

False

If you have a credit card you no longer use, cut it up and throw it away. The account will close after ten months of inactivity.

True

False

Almost 1,000 Americans a year are victims of identity theft.

True

False

The Fair Credit Billing Act gives consumers the right to withhold payment on poor quality or damaged merchandise purchased with a credit card.

True

False

If you want a lower rate on your credit card, you can probably get one just by asking.

True

False

Credit card companies must give you 60 days notice before raising your rate.

True

False

By law, your credit card must charge the same rate for purchases and cash advances.

True

False

Every time you check your credit history, you damage your credit.

True

False

A secured card is a credit card with a rate guaranteed not to increase.

True

False