Exam 8: Managing Your Credit

On a credit card,a finance charge is applied to

If you include all fees charged by a lender and the simple interest rate,the result will be the ________.

Cash advances on credit cards normally cost you interest from the date of the advance and also a transaction fee of 1 to 2 percent.

In securing a credit card you should try to obtain

Even if you cannot pay your credit card bill in full,you should still attempt to pay as much as possible so that you can minimize finance charges.