Which of the following personal information should not be asked on a credit card application? (2024)

Which of the following personal information should not be asked on a credit card application?

Expert-Verified Answer

Which of the following personal information would not be asked on a credit card application?

Expert-Verified Answer

Your country of birth, however, will likely not be asked for (options a and d). When submitting a credit card application, the personal information asked will usually relate to your financial situation and credit history.

Which of the following will not be included on your credit report?

Your credit report does not contain information about your gender, race, religion, national origin, marital status, political affiliation, medical history, criminal record, or whether you receive public assistance. More importantly, none of this personal information affects your credit score.

Which of the following may not be a feature of some credit cards?

While credit limits, annual fees, and cash advances are common in many cards, not all cards provide a grace period. The feature among the options that may not be a feature of some credit cards is C) Grace periods. Credit limits, annual fees, and cash advances are all common features of credit cards.

Which of the following would you not find on your credit card statement?

Explanation: On a credit card statement, credit scores will not be seen. The credit card statement typically contains information about the charges made on the card, the available credit, the minimum payment due, and the amount due by the due dates.

What information is asked on a credit card application?

What information is asked for on a credit application?

You will need to provide your personal information and copies of certain documents to apply for a credit card, including your: Legal name. Social Security number (SSN) or Individual Tax Identification Number (ITIN) Mailing address.

What are 4 examples of information not found in a credit report?

It also includes personal identifying information that helps to verify that the information in the report is yours. Your credit report does not include your marital status, medical information, buying habits or transactional data, income, bank account balances, criminal records or level of education.

What type of information is included on a credit report and what is not included?

Your credit reports include information about the types of credit accounts you've had, your payment history and certain other information such as your credit limits. Credit reports from the three nationwide consumer reporting agencies — Equifax, TransUnion and Experian — may contain different account information.

Which information is included on a person's credit report?

Information about credit that you have, such as your credit card accounts, mortgages, car loans, and student loans. It may also include the terms of your credit, how much you owe your creditors, and your history of making payments. Your public record.

Which of the following is the best rule to follow in shredding information?

As a general rule, you should shred anything that has expired immediately (ex: credit card, debit card, identification cards, etc.).

Which of the following is not a benefit of using a credit card?

Answer and Explanation: The correct answer is option d. It often leads to impulsive buying. Having a credit card has both benefits and drawbacks.

What are three pieces of information listed in a credit card agreement?

Common terms and conditions include the fees, interest rate, and annual percentage rate carried by the credit card. Terms and conditions of a credit card should be available before a consumer makes an application and should also be mailed to the consumer with the new card.

What is the new law on credit cards?

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) finalized a rule today to cut excessive credit card late fees by closing a loophole exploited by large card issuers. The rule will curb fees that cost American families more than $14 billion a year.

Which of the following pieces of information does not have to be disclosed in credit card ads?

Out of the given options, the credit limit (option B) is not a required disclosure in credit card ads or applications as it is primarily based on the applicant's creditworthiness.

What is the minimum payment on a $3000 credit card?

The minimum payment on a $3,000 credit card balance is at least $30, plus any fees, interest, and past-due amounts, if applicable. If you were late making a payment for the previous billing period, the credit card company may also add a late fee on top of your standard minimum payment.

What are 5 things you should inquire about when applying for a credit card?

What is the easiest card to get approved?

Do credit card applications check your bank account?

Credit card applications often ask if you have a savings or checking account because they're considered a positive indicator of creditworthiness. Bank accounts also establish a relationship with the card issuer or credit union, which is sometimes a prerequisite for approval.

Which of the following are normally included in a credit application?

Therefore, the application will typically include the borrower's personal and financial information and other required documentation, such as proof of income and identification. Verification of information: The lender verifies the borrower's personal and financial information.

What is incorrect information on a credit report?

Errors made to your identity information (wrong name, phone number, address) Accounts belonging to another person with the same or a similar name as yours (mixing two consumers' information in a single file is called a mixed file) Incorrect accounts resulting from identity theft.

What is an example of inaccurate information on a credit report?

Credit report errors can include the wrong name or address on an account or an incorrect date you made a payment. Learn from the Consumer Financial Protection Bureau (CFPB) about the common types of credit reporting errors.

What are at least two common errors found on credit reports?

The most common credit report errors are accounts that are too old, accounts with the wrong balances, accounts with the wrong payment history, mixed credit files, identity theft accounts, and being mistakenly reported dead.

What is public information that is not typically included in a credit report?

Not included in a credit report is information about a consumer's race, religion, medical history, personal lifestyle, political preferences, criminal record, or information not related to credit.

What types of information would be included on a credit report quizlet?