Week #5: Ch3 Credit Cards

  1. What does a credit card allow you to do? In what situations would using a credit card be appropriate?
  2. Describe at least 5 fees associated with using credit cards.
  3. What is a 'interest rate' and how is it calculated?
Compete the chart:
Credit Cards - choose 3 cards to compare/contrast

Name of
Card #1:
Name of
Card #2:
Name of
Card #3:

1.  Annual Fee?
Interest Rates (Introductory/Special/Annual)?
Any other associated costs?


2. Describe the card rewards program

3. Would you consider opening an account
for this card? Why/Why not

Separate groups: All participants

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