Connect with us

BiggerBudget

Are You a Credit Card Idiot or Genius? Find Out Now.

Credit & Debt

Are You a Credit Card Idiot or Genius? Find Out Now.

Are You a Credit Card Idiot or Genius? Find Out Now.

Take this short quiz and discover how much you really know about credit cards, and whether you’re fine to own and use one, or you should cut yours in half and throw it in the trash!

What’s the highest interest rate that you might pay from using a credit card?

Correct! Wrong!

The information stored on credit cards is read by which of the following?

Correct! Wrong!

Who introduced the first credit card in the United States?

Correct! Wrong!

How should credit card holders pay their bills?

Correct! Wrong!

How often do credit card companies usually require payment?

Correct! Wrong!

What was Visa formally known as before it was rebranded?

Correct! Wrong!

What does the first number in your credit card number represent?

Correct! Wrong!

How can a credit card help if you want a better credit score?

Correct! Wrong!

Which of the following factors has the biggest impact on your credit score?

Correct! Wrong!

What is the stripe on the back of a credit card?

Correct! Wrong!

How might the data stored on your card's magnetic stripe be erased?

Correct! Wrong!

How many magnetic tracks are there on a credit card (they’re the bits where the data is stored)?

Correct! Wrong!

Which government organization is responsible for regulating credit card safety?

Correct! Wrong!

What should you always do in order to protect yourself from credit card fraud?

Correct! Wrong!

What kind of credit card should you apply for if you’ve had money issues in the past?

Correct! Wrong!

What type of credit card is adorned with both the lender’s logo, as well as another organization’s logo?

Correct! Wrong!

How many credit cards does the average American family have?

Correct! Wrong!

For what reason would you get a consolidation loan?

Correct! Wrong!

What is the biggest mistake that credit card owners frequently make?

Correct! Wrong!

Which of the following scenarios is likely to raise your APR immediately?

Correct! Wrong!

Are You a Credit Card Idiot or Genius? Find Out Now.
0-5 Correct Answers:
You really need to do your homework! There’s not much you do know about credit cards, so for the moment, you should do your best to stay away from them.
6-10 Correct Answers:
A long way to go, but hey, it could be worse! You’re not completely clueless, just a tad naive.
11-15 Correct Answers:
You’re getting there, still a little bit for you to learn but a credit card should be safe in your hands.
16-20 Correct Answers:
You’re a credit card guru, there’s not much you don’t know about those little bits of plastic we all have in our wallet. Next time I need card-related advice, I’m coming to you!

Share your Results:

Continue Reading

More in Credit & Debt

Popular

To Top
$10 Visa Card
No prize
Next time
$15 Amazon Card
$100 Visa Entry
Sorry
$50 Visa Entry
No luck today
Almost!
Rubber Chicken!
No prize
Unlucky
Here's your chance to win instantly!
Congratulations on finishing! Here's your chance to win instantly.
Open only to residents of the USA over the age of 18.