Financial Literacy

5. money borrowed using a credit card
9. the average amount you owe on the credit card during each day of the billing cycle
11. money you are allowed to obtain in the form of cash through the use of an ATM or bank
12. the yearly interest rate you pay on the credit card balance
13. a period of time, generally 20-25 days, before a credit card company starts charging you interest on a purchase
14. the amount of money you still need to repay
16. the total amount of money you are allowed to take from the account in the form of cash
19. the percentage you pay on the money you have charged

1. the amount you paid on the last credit card bill you received and any other payments you may have made since the last statement
2. the least amount you can pay on the card and still keep your account in good standing
3. the date by which the credit card company expects to receive your payment
4. the ability to make purchases with the promise that the money will be repaid later
6. the interest rate you pay each day on the outstanding balance
7. the interest payment you owe on the credit card balance
8. a brief transaction history showing purchases made with the credit card since the last statement
10. a penalty you are charged for not making your minimum payment by the established payment due date
15. the maximum amount of money that a credit card issuer will allow you to charge
17. the amount of money the credit card issuer charges you for having the credit card account each year
18. a card issued by a bank