Credit Card Basics

To borrow money (correct)

To invest in stocks

To earn interest

To save money

To outline the repayment terms

To calculate the interest rate

To outline the terms and conditions for using a credit card (correct)

To set the credit limit

The number of days between a borrower's statement date and when payment is due (correct)

The time between the payment due date and the statement date

The time between the credit limit and the minimum payment

The time between the statement date and the payment due date

<p>Late payment fee</p> Signup and view all the answers

<p>To show basic information about the card's rates and fees</p> Signup and view all the answers

<p>The requirement of collateral</p> Signup and view all the answers