EVERFI FULL SOLUTION VIEW AHEAD
QUESTIONS AND ANSWERS STUDY
COMPANION
●● Balance Transfer
Answer: A transfer of your existing credit card balance to another credit
card. _____________ ____________ are typically used when a
consumer wants to transfer their credit card debt onto a card with a
lower interest rate.
●● Cash Advance
Answer: A loan of cash you obtain with a credit card.
●● Cashier's Check
Answer: A payment type that is paid for upfront and guaranteed by the
bank not to bounce.
●● Charge Card
Answer: A payment type that works just like credit cards except the
balance must be paid in full every month.
●● Check Card
Answer: Another name for a Debit Card.
QUESTIONS AND ANSWERS STUDY
COMPANION
●● Balance Transfer
Answer: A transfer of your existing credit card balance to another credit
card. _____________ ____________ are typically used when a
consumer wants to transfer their credit card debt onto a card with a
lower interest rate.
●● Cash Advance
Answer: A loan of cash you obtain with a credit card.
●● Cashier's Check
Answer: A payment type that is paid for upfront and guaranteed by the
bank not to bounce.
●● Charge Card
Answer: A payment type that works just like credit cards except the
balance must be paid in full every month.
●● Check Card
Answer: Another name for a Debit Card.
