2 of 4 AQR - March / April 2024 6.D.8 - Making Sense of Credit 2) Top Section 1) What is the reason for "Texas Credit"? 2) What is the importance of Opening/Closing Date? 3) What is the importance of the Payment Due Date? 4) What is the importance of the Minimum Payment Due? 3) Card Summary Section 1) Previous Balance i. What does Previous Balance mean? ii. Where do you get this Previous Balance? iii. Can you think of a synonym for other companies to use in place of Previous Balance? 2) Payment, Credits? i. What does Payment, Credits mean? ii. Where do you get these Payments Credits? 3) Purchases, Cash, Debits i. What does Purchases, Cash, Debits mean? ii. Where do you get these Purchases, Cash, Debits? 4) Finance Charges i. What does Finance Charges mean? be blud vo ii. Where do you get these Finance Charges