What type of credit card requires a cash deposit as collateral?
Answer
Secured credit card
80 Credit Cards And Banking Products Trivia Questions with Answers
80 public questions with answers, drawn from the well. How many can you answer?
What is the process of moving an outstanding balance from one credit card to another called?
Answer
Balance transfer
What is the bank fee charged when an account balance falls below zero called?
Answer
Overdraft fee
What is the standard ISO 7810 size of a bank card, measured in millimetres?
Answer
85.60 × 53.98 mm
In payment-card processing, what does the acronym BIN stand for?
Answer
Bank Identification Number
Which U.S. law limits a consumer’s liability for unauthorized credit-card use to $50?
Answer
Truth in Lending Act
What type of credit lets borrowers use a limit repeatedly as they repay it?
Answer
Revolving credit
Which payment network uses the slogan “Priceless” in its advertising?
Answer
Mastercard
Which company introduced the first FICO credit score for general use in 1989?
Answer
Fair Isaac Corporation
What does the acronym IBAN stand for in international banking?
Answer
International Bank Account Number
Which bank launched BankAmericard, the card that later became Visa, in 1958?
Answer
Bank of America
Which U.S. federal agency insures eligible bank deposits through the FDIC?
Answer
Federal Deposit Insurance Corporation
What does APR mean on a credit-card agreement?
Answer
Annual percentage rate
What banking product pays a fixed interest rate for keeping money deposited until a specified maturity date?
Answer
Certificate of deposit