Your Credit Card Company Cannot Increase Your Rate for the First

question 157

Multiple Choice

Your credit card company cannot increase your rate for the first 12 months after you open an account unless

• A)your card has a fixed interest rate tied to an index and the index goes down.
• B)your card's introductory rate expires and your rate reverts to the "go-to" rate the company disclosed when you got the card.
• C)you are more than 15 days late in paying your bill.
• D)all of the above.

---

Definitions:

Sankofa

A word from the Akan language of Ghana that expresses the importance of reaching back to knowledge gained in the past and bringing it into the present in order to make positive progress.

Patrilineal Descent

A system of lineage tracing in which an individual's family membership derives from and is recorded through his or her father's line.

Descent Confers Authority

A principle in certain societies where social status, rights, and leadership roles are determined by one's lineage or family heritage.

Phratry

A social unit or grouping larger than a family but smaller than a tribe, often linked by common descent, marriage, or ritual.