Extra Credit (Fall 2006)


Credit Card Comparisons

 

Offer 1

Offer 2

Offer 3

How many interest rates are listed on each offer?

 

 

 

What is the Purchases interest rate?

 

 

 

What is the Penalty/Default interest rate?

 

 

 

Is there a late payment fee? If so, how much is it?

 

 

 

Is there an over-the-credit-limit fee? If so, how much is it?

 

 

 

Is there an annual fee? If so, how much is it?

 

 

 

Use the publication Choosing a Credit Card to define the following terms:

  • APR
  • Over the credit limit
  • Grace period
  • Minimum finance charge

Question: What does your group think is the most noteworthy aspect to understanding credit card interest rates and fees?

 

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