Credit, Debit, & Prepaid Cards

All Credit Cards charge

Most credit cards are issued by airlines and hotels

Builds credit history to enable renting an apartment, obtaining loans, getting car insurance

Used to purchase products and services online

Manage charges and payments online

The grace period refers to the time between the billing statement date and the due date

Prepaid cards play an important role in establishing one's credit history

Can be reloaded or disposable

Covered for fraudulent charges

"Pay Later"

Purchases draw money from your checking account

"Pay Now"

(__________________________) is a policy that protects cardholders from fraudulent charges.

Allows ATM cash withdrawals from your checking account

Can offer rewards points

Gift cards never expire

Incurs over-the-limit fees if charges exceed the credit limit

Interest rates on cash advances are usually (______________) than those for regular purchases.

All of the Terms and Conditions of a credit card card account are outlined in the?

"Pay in Advance"

Charges are added to outstanding debt, unless they are paid in full each month

The best PIN is one you won't forget, but no one will ever guess