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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

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