Answer Key

Credit cards – Comprehension Check

  1. With secured cards, the consumers [are borrowing their own money and paying interest for the right to use the cards]
  2. These days, credit cards are regarded as  [something you cannot live without]
  3. A period in which a debt may be paid without accruing further interest or penalty is  [a grace period]
  4. If somebody says something with a straight face  [he shows no emotions]
  5. Why did Mr Larson's blood start to boil, even though his son's credit card offered an attractive interest rate of 9.9%? [there were hidden fees which were exorbitant]
  6. Usury is  [the practice of loaning money at a very high interest rate]
  7. A fee-harvesting card is  [a card with many high fees]
  8. If the bank EVENTUALLY gives a low-credit client a chance to use a standard credit card, it means [the client will get it in the end]
  9. Both fee-harvester cards and secured cards have other GOTCHAS means [there are some problems]
  10. Hefty fees are  [too high]