--- title: "Quiz: What Is Your Credit Card IQ?" description: This credit card quiz will ask you about a variety of credit card and credit score facts. Can you prove your credit card IQ by getting a perfect score? image: https://students.1fbusa.com/hubfs/Quiz%20What%20Is%20Your%20Credit%20Card%20IQ.png --- [![1st Financial Bank USA finance blog 1FBUSA](https://students.1fbusa.com/hs-fs/hubfs/bloglogo%20-%20Copy.png?width=340&height=67&name=bloglogo%20-%20Copy.png "1st Financial Bank USA finance blog 1FBUSA")](https://students.1fbusa.com/) - [ APPLY NOW ](https://apply.1fbusa.com/card/apply/?cid=q4bB85&source=BLGHE&passRequestParamsThru=true) - ##### **or [Learn More](https://students.1fbusa.com/our-products)** [![bloglogo](https://students.1fbusa.com/hs-fs/hubfs/bloglogo%20-%20Copy.png?width=250&height=54&name=bloglogo%20-%20Copy.png "bloglogo")](https://students.1fbusa.com/) [Log In](https://www.1fbusa.com/) | [OUR PRODUCTS](https://students.1fbusa.com/en/our-products) [ APPLY NOW ](https://apply.1fbusa.com/card/apply/?cid=q4bB85&source=BLGHE&passRequestParamsThru=true) Follow 1FBUSA **[![1FBUSA Facebook](https://students.1fbusa.com/hs-fs/hubfs/f500.png?width=50&name=f500.png)](https://facebook.com/1stfinancialbankusa) [![1FBUSA Instagram](https://students.1fbusa.com/hs-fs/hubfs/i500.png?width=50&name=i500.png)](https://instagram.com/1fbusa) [![1FBUSA Twitter](https://students.1fbusa.com/hs-fs/hubfs/t500.png?width=50&name=t500.png)](https://twitter.com/1fbusa)** ## MONEY SMARTS Discover how to wisely manage your finances # Quiz: What Is Your Credit Card IQ? September 25, 2020 Spread the Knowledge. Share: [![Facebook](https://students.1fbusa.com/hubfs/1FBUSA_May2019%20Theme/Images/facebook-1.svg) ](https://www.facebook.com/sharer/sharer.php?u=https://students.1fbusa.com/money-smarts/quiz-what-is-your-credit-card-iq) [![Twitter](https://students.1fbusa.com/hubfs/1FBUSA_May2019%20Theme/Images/twitter-1.svg) ](https://twitter.com/intent/tweet?original_referer=https://students.1fbusa.com/money-smarts/quiz-what-is-your-credit-card-iq&url=&source=tweetbutton&text=https://students.1fbusa.com/money-smarts/quiz-what-is-your-credit-card-iq) [![LinkedIn](https://students.1fbusa.com/hubfs/1FBUSA_May2019%20Theme/Images/linkedin-1.svg) ](https://www.linkedin.com/shareArticle?mini=true&url=https://students.1fbusa.com/money-smarts/quiz-what-is-your-credit-card-iq&title=&summary=&source=) [![Mail](https://students.1fbusa.com/hubfs/1FBUSA_May2019%20Theme/Images/email.svg) ](mailto:?subject=Quiz:%20What%20Is%20Your%20Credit%20Card%20IQ?&body=https://students.1fbusa.com/money-smarts/quiz-what-is-your-credit-card-iq) Whether you’re preparing for the transition to college or are already immersed in the college experience, you might be introduced to a credit card. No matter which stage you’re in, understanding credit is crucial for managing your finances well. Soon, you’ll find that you can use your shiny plastic card for textbooks, dorm supplies, gas, and dining out. Then, after the month is up, you’ll get a credit card bill. Sounds simple, right? While all that information is true, credit cards are a little more complex. Have you ever heard of an interest rate or APR? How about the FICO credit score range? Do you know [how a credit card is different from a debit card](https://students.1fbusa.com/money-smarts/what-is-the-difference-between-debit-and-credit-cards)? While that was a lot at once, these questions about credit are not meant to overwhelm you. Whether you’re a beginner or seasoned cardholder, test your knowledge by taking this credit card IQ quiz. Let's find out if you have what it takes to get a perfect score.   *Your privacy is important to us. We have established standards that govern our collection, use, retention, and protection of information about you in connection with your use of the 1FBUSA website and 1FBUSA Mobile. *[*View our privacy policy.*](https://www.1fbusa.com/fscm/privacySecurityCenter.mvc)   ## How does a credit card work? When you use your credit card to buy something, you are using borrowed money that you will have to pay back at a later date. Throughout the month, any purchases you make will appear on your credit card statement. You can then choose to pay your statement in full or carry a balance over to next month’s statement. The institution who issued you the card– most likely a credit card company or a credit union–will include interest charges on your bill if it's not paid in full. As you use your card and make regular payments, you will begin to develop a positive credit history. Having good credit is important when the time comes to buy a car, rent an apartment, and more.   ## How can I improve my credit card IQ? Using your card improperly can lead to bad spending habits, credit card debt, and poor credit. A good way to bolster your credit knowledge is to start reading more financially-focused articles. Soon you’ll be an expert in annual fees, credit reports, cash advances, and all things involving credit. In the meantime, jump start your learning and research by reading the following articles. ### [10 Best Credit Card Tips for College Students](https://students.1fbusa.com/money-smarts/pieces-of-student-credit-card-advice-from-real-students) Expenses in college can add up quickly, which is where your plastic card can come in. Because a credit card gives you access to a large sum of money, it’s important to be intentional and responsible with your spending habits. Here are tips from ten college students to help you learn from others who have experience as cardholders. ### [Credit Card Terminology Cheat Sheet (25+ Definitions)](https://students.1fbusa.com/money-smarts/credit-card-terminology-cheat-sheet) Credit card issuers expect cardmembers to understand their lingo. When applying for your different card offers, there may be words that you don’t understand. Certain phrases, such as annual percentage rate or late payment fee, can seem intimidating if you don’t know what they mean. With this terminology cheat sheet, you will be prepared for any credit information that is thrown your way.  ### [7 of Your Credit Card Questions Answered](https://students.1fbusa.com/money-smarts/your-credit-card-questions-answered) Before you open a credit card, you may have questions about how to use it. You might also be curious about why you should get one and how to avoid debt. Becoming aware of good credit habits will help you save money, boost your credit score, and more. ### [How to Build Credit in College in 5 Steps](https://students.1fbusa.com/college-life/how-to-build-credit-in-college) Credit cards are an important tool for building credit. In college, many students find themselves experiencing personal freedom and financial independence for the first time. College is a prime occasion for meeting new people, learning new things, and having fun. In addition, it’s a great opportunity to build your credit score with a positive payment history. ### [Everything You Need To Know About Student Credit Cards](https://students.1fbusa.com/money-smarts/student-credit-cards) Whether you’re in high school or college, it’s important to know the basics before using your card. Take initiative in learning everything there is to know about credit cards, like which purchases you should use it for or how to avoid credit missteps. With this guide, you’ll know exactly why you should get a credit card in college and how to use it properly. [Improving your financial literacy](https://students.1fbusa.com/money-smarts/ways-to-improve-your-financial-literacy) takes time. However, the more information you know, the more confident you’ll feel managing your credit. Over time, responsible usage of your credit card will help you build credibility with your lenders. Having good credit history means you’ll qualify for better terms on consumer credit loans and have a greater chance of your rental application being approved. [Using your credit cards responsibly](https://students.1fbusa.com/money-smarts/tips-for-using-credit-cards-responsibly) is the key to building a strong financial future. Your knowledge of all things credit won’t come overnight. If you didn’t get a perfect score, brush up on your knowledge. Then, take the credit card quiz again. You could also share it with a friend or classmate, which is the positive kind of [financial peer pressure](https://students.1fbusa.com/college-life/how-to-avoid-financial-peer-pressure-in-college). Keep practicing until you get all of the questions right. You’ll be on your way to the credit score of your dreams in no time!   [![credit card image cta - build credit logo](https://students.1fbusa.com/hubfs/credit%20card%20image%20cta%20-%20build%20credit%20logo.png)](https://students.1fbusa.com/our-products)   ### Related Articles [!['Would You Rather Have More Time or More Money?' 6 Students Answer](https://students.1fbusa.com/hubfs/Would%20You%20Rather%20Have%20More%20Time%20or%20More%20Money%206%20Students%20Answer%20(2).jpg) 'Would You Rather Have More Time or More Money?' 6 Students Answer June 26, 2026 ](https://students.1fbusa.com/money-smarts/would-you-rather-have-more-time-or-more-money) [![5 Types of Financial Emergencies to Prepare For](https://students.1fbusa.com/hubfs/Types%20of%20Financial%20Emergencies%20to%20Prepare%20For.jpg) 5 Types of Financial Emergencies to Prepare For June 5, 2026 ](https://students.1fbusa.com/money-smarts/types-of-financial-emergencies-to-prepare-for) [![7 Ways to Practice Financial Discipline for College Students](https://students.1fbusa.com/hubfs/7%20Ways%20to%20Practice%20Financial%20Discipline%20from%20College%20Students%20(1).jpg) 7 Ways to Practice Financial Discipline for College Students April 16, 2026 ](https://students.1fbusa.com/money-smarts/ways-to-practice-financial-discipline-for-college-students) [View More MONEY SMARTS](https://students.1fbusa.com/money-smarts) ### 1st Financial Bank USA Reviews > "Having this credit card has helped me during my times of need. This bank is amazing for giving such an excellent offer." > > -Precious from PA ### 1st Financial Bank USA Reviews > "Building credit in our youth is a huge step toward many future endeavors such as buying a car and home ownership. Credit card companies that enable students to do so are invaluable. Thanks to 1st Financial Bank, I am on my way." > > -Chase from ID ### 1st Financial Bank USA Reviews > "I feel more secure in my spending habits, and the trust 1st Financial has in managing my spending helps me stay on track with my payments." > > -Stephanie from NJ ### 1st Financial Bank USA Reviews > "I am so blessed to be given this opportunity to further myself and helping make solid financial choices while building excellent credit history, THANK YOU!" > > -Ashton from IN ### 1st Financial Bank USA Reviews > "With being off from work these past couple months..., my 1st Financial Bank USA credit card really helped when I needed funding for essential living expenses. I was so thankful to have this card to fall back on. Truly a lifesaver during all of this!" > > -Dakota from OH **[![1FBUSA Facebook](https://students.1fbusa.com/hs-fs/hubfs/f500.png?width=50&name=f500.png)](https://facebook.com/1stfinancialbankusa) [![1FBUSA Instagram](https://students.1fbusa.com/hs-fs/hubfs/i500.png?width=50&name=i500.png)](https://instagram.com/1fbusa) [![x logo 1fb](https://students.1fbusa.com/hs-fs/hubfs/x%20logo%201fb.png?width=50&height=50&name=x%20logo%201fb.png)](https://twitter.com/1fbusa)** [![1fbusa_blog_footer](https://students.1fbusa.com/hs-fs/hubfs/1FBUSA_May2019%20Theme/Images/1fbusa_blog_footer.png?width=250&name=1fbusa_blog_footer.png "1fbusa_blog_footer")](https://www.1fbusa.com/) This site is for education purposes. 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