Directions: Watch the following video, then rank the credit card criteria in order of importance to you (If you were to apply for a credit card) and answer the questions
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Question 1
1.
Rank the following Credit Card criteria in order of importance to you
Annual Fee
APR
Grace Period
Penalty Fees and Rates
Rewards
Question 2
2.
Which term refers to the amount of time you have between when the billing cycle ends and when you must pay your credit card bill?
Question 3
3.
Use the credit card offer above to fill in the blanks:
This card offer an introductory APR of ______% for the first six months. After that, the APR will be between ____% and ____%. If you don't make a payment within 60 days of the due date, you will be charged a penalty APR of ____%.
Question 4
4.
How much do you have to pay each year to own this card (what is the annual fee)?
Question 5
5.
How much do you have to pay each time you make a late payment?
Question 6
6.
Do you think this is a good credit card? What is good about it? What is bad about it?
