Use the Credit Card Statement to Answer These Questions


 

1. What is the date of the statement?

2. What is the ANNUAL PERCENTAGE RATE (APR)?

3. What is the corresponding periodic rate?

4. What is the new balance?

5. What was the previous balance?

6. How many charges were made during the billing cycle?

7. How many credit and payments were made during the billing cycle?

8. Were there any charges for late payments? How much are the late charges?

9. What is the total amount of the credit line?

10. What is the total amount of available credit?

11. What is the total amount of charges made during the current billing period?

12. Was there a finance charge for the current billing cycle?

13. What is the account number on the statement?

14. Where should the payment be sent?

15. What is the periodic rate for cash advances?

16. Where is the billing error information.

 

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