Question

Jayce gets her credit card bill and sees she has a new balance of $800. What does that mean?

Question 1 options:

That is the amount she owes as of the end of the last billing cycle.

That is the amount she owes in interest to the credit card company.

That is how much money the credit card company will allow her to spend using her credit card.

That is how much money she has earned in rewards and cash back for using her credit card.

Question 2 (1 point)

 

What is a person's credit limit?

Question 2 options:

the fee that credit card companies charge people for late payments

how much a credit card user has spent in a given billing cycle

the charge that credit card companies apply when they offer rewards or cash back

the maximum amount he or she can borrow or spend with a credit card

Answer 1

Q1: That is the amount she owes as of the end of the last billing cycle.

Q2: The maximum amount he or she can borrow or spend with a credit card.