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2.6.3.A5
ComparisonShoppingforaCreditCard
TotalPointsEarned
Name
35 TotalPointsPossible
Date
Percentage
Class
Directions:Compareatleastthreesamplecreditcardoffers.Identifywhichcreditcardyouwouldchoose
andwhy.(1pointeach)
Card1
Card2
Card3
WhatistheAnnualPercentageRate(APR)for
Purchases
IstheAPRforpurchasesafixedrateAPRor
variablerateAPR?
IntroductoryAPRWhatistherateandhow
longdoesitlast?
WhatistheAPRforBalanceTransfers?
WhatistheAPRforCashAdvances?
WhatisthePenaltyAPR?
Isthereaminimuminterestcharge?Ifso,
howmuch?
SetupandMaintenanceFees
TransactionFees
PenaltyFees
Howisthebalancecalculated?
Whichcreditcardwouldyouchooseandwhy?
(2points)
TakeChargeTodayMay2014UnderstandingCreditCards
FundedbyagrantfromTakeChargeAmerica,Inc.totheNortonSchoolofFamilyandConsumerSciencesTakeChargeAmericaInstituteatTheUniversityofArizona