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
Question 1
1.
Question 2
2.
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.
Question 5
5.
Question 6
6.
Do you think this is a good credit card? What is good about it? What is bad about it?
Rank the following Credit Card criteria in order of importance to you
Grace Period
Rewards
Penalty Fees and Rates
APR
Annual Fee
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?
Annual Percentage Rate
Closing Balance
Grace Period
How much do you have to pay each year to own this card (what is the annual fee)?
$0
$5
$10
$35
How much do you have to pay each time you make a late payment?
