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    Comparing Credit Card Offers Fcs 340

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    api-350693115
    The document compares credit card offers from various banks and retailers. It provides a table to summarize the Annual Percentage Rate (APR), annual fees, grace periods, minimum payments requirements, transaction fees, and whether rewards are offered for each card. The document asks the reader to compare these offers to existing cards and provide reactions to what was learned from the comparison. Specifically, it asks if the reader will use credit cards in the future and why or why not based on the information presented.

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    Comparing Credit Card Offers Fcs 340

    Uploaded by

    api-350693115
    185 views2 pages
    The document compares credit card offers from various banks and retailers. It provides a table to summarize the Annual Percentage Rate (APR), annual fees, grace periods, minimum payments requirements, transaction fees, and whether rewards are offered for each card. The document asks the reader to compare these offers to existing cards and provide reactions to what was learned from the comparison. Specifically, it asks if the reader will use credit cards in the future and why or why not based on the information presented.

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    comparing credit card offers fcs 340

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    The document compares credit card offers from various banks and retailers. It provides a table to summarize the Annual Percentage Rate (APR), annual fees, grace periods, minimum payments requirements, transaction fees, and whether rewards are offered for each card. The document asks the reader to compare these offers to existing cards and provide reactions to what was learned from the comparison. Specifically, it asks if the reader will use credit cards in the future and why or why not based on the information presented.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    185 views2 pages

    Comparing Credit Card Offers Fcs 340

    Uploaded by

    api-350693115
    The document compares credit card offers from various banks and retailers. It provides a table to summarize the Annual Percentage Rate (APR), annual fees, grace periods, minimum payments requirements, transaction fees, and whether rewards are offered for each card. The document asks the reader to compare these offers to existing cards and provide reactions to what was learned from the comparison. Specifically, it asks if the reader will use credit cards in the future and why or why not based on the information presented.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Comparing Credit Card Offers

    Instructions
    Compare credit card offers from 2 banks, 2 retail stores, and a travel/entertainment card. Look for the features each card offers. Compare these offers
    with other cards that you already hold (if applicable). Complete the table below to summarize your findings. Answer the questions at the end of the
    worksheet. Type your responses directly into this worksheet. Save your work and then submit it in I-Learn.

    APR Annual Fee Grace Period Minimum Payments Transaction Fees Credit Returns
    U of U Credit Union 15.24% No 30 Days Yes Yes Yes
    Zions Bank 15.49% No 30 Days Yes Yes Yes
    Gap 24.99% No 30 Days No Yes No
    Target 23.40% No 25 Days Yes Yes Yes
    Delta American Express 25.24% $95 30 Days Yes No Yes

    1. Reaction to what you learned in this comparison: ____I think it is so fascinating at the fact how these companies don’t want you to pay your payments
    on time so they can make more money from you which is super expensive. Not only would you be paying the APR with a late payment, there is a usually a
    transaction fee as well so this only reemphasizes the fact at how important it is to pay on time. ________________________________

    2. Based on what you have learned in this lesson, will you use credit cards and/or consumer loans? Why or why not? ___I definitely think I will use credit
    cards in the future, but as of right now I don’t think I will. I think they are great to help build credit and if one can be good about paying them on time,
    they are great to have either from a bank, or the other one I would use is the American Express from Delta as it offers great miles for when you want to
    use them for trips. ______________
    Example
    (Note: The following information is fictional; do NOT use as fact.)

    APR Annual Fee Grace Period Minimum Payments Transaction Fees Credit Returns
    Wells Fargo 12% $75 30 days Yes Yes Yes
    Key Bank 15% $50 30 days Yes Yes Yes
    Maurices 22% None 30 days Yes No Yes
    Old Navy 10% None 30 days Yes No Yes
    American Express 18% $100 30 days No No Yes

    1. Reaction to what you learned in this comparison: I would choose the Old Navy card because it is where I love to shop! It offers the lowest APR.
    American Express has to be paid off completely every month. I can actually use my Old Navy card to purchase food as well. Additionally, they don’t charge
    me for everything the other cards do.

    2. No example available.

    Reminder
    Add a copy of this completed worksheet to the “Credit” section of your Financial Records System.

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