credit cards PLEASE help?

Question

im in a money skills class and we're doing a 50 question study guide over money management..im stuck on question #47

'List 3 items included in the terms or agreement that one should look at before applying for a credit card."

I was absent today and yesterday..i have a high fever..i have to give this to her tomorrow...

CAN ANYONE HELP?!

THANKS

Answer 1

Late payment fees. Any grace period. When your payment is due. What happens to your interest rate if you have a late payment.

Answer 2

This sounds like a trick question to me because you should look at all the terms and your agreement without question, before you get any credit card.

But if there were three that stood out from the rest, maybe its;


fraud liability

interest rates, type and rate

annual account fee

Answer 3

1) Interest rate
2) Annual fee
3) Grace period

Assuming you use a credit card properly (don't pay late, don't go over the limit, don't take money out from itm ect) These are three basic things you need to decide whether the card is right for you.

Answer 4

My guess woould be:

1. Interest Rate

2. Annual Fee

3. Cash Advance Fee

Answer 5

If there is an annual fee, if there is a billing period and if the interest rates go up if you are late on a payment.

Answer 6

Whether you interest rate will go up if you are late on a payment, whether they have universal default rates, grace periods.

Answer 7

fraud liability, interest rates, type and rate, annual account fee. I found interesting information about your answer & the best credit card options here. http://all-debt-consolidation-loan.blogspot.com/2007/07/chase-credit-cards.html

Answer 8

1.) fees - annual fee, over limit free, late payment fee, etc.
2.) interest rate
3.) ???

Answer 9

Interest rate!!!