Discover Student Card

A. A cash substitute for things you cannot afford

B. A loan that must be repaid in full monthly

C. An account that allows you to purchase what you want, when you want it

D. Free money

A. Your major

B. Your grades

C. Your driving record

D. Your credit history

A. A record of every purchase you've ever made with your credit card

B. A record of how well you pay back your creditors and whether you pay your bills on time

C. A list of your bank balances

D. A report showing your past and current income

A. Pay your bills on time consistently

B. Never make purchases on credit

C. Open a checking account

D. Use all your available credit on all accounts

A. Your employer

B. Your cell phone provider

C. Your landlord

D. All of the above

A. The cost of credit that you pay, expressed as a simple annual percentage

B. A flat fee that you are charged if your payment is late

C. A set-up fee that is charged when your credit account is opened

D. A fee that is imposed every time you make a transaction

A. One year

B. Four years

C. Up to seven years

D. Until you pay off your debt

A. Nothing, if you report the loss before the card is used fraudulently

B. Fifty dollars, if the card is used before you report the loss

C. Nothing, if you qualify for zero liability

D. All of the above

A. Use another credit card to pay them off

B. Borrow money from family or friends

C. Work with your creditors to determine how best to repay your obligations

D. All of the above

A. The amount you owe on your credit card

B. The amount of credit remaining on your credit card

C. The cost of borrowing money determined by a percentage rate of the amount borrowed

D. A cost-per-transaction fee for every time you use your credit card