Comparison_Shopping_for_a_Credit_Card-1.doc - Page | 25 2.6.3.A5 Comparison Shopping for a Credit Card Name Jessi Cayton Date Class Directions Compare

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Page | 25 2.6.3.A5 Name Jessi Cayton Date November 26, 2018 Class Directions : Compare at least three sample credit card offers. Identify which credit card you would choose and why. (1 point each) Blue Red White What is the Annual Percentage Rate (APR) for Purchases 12.99%,13.99 % 14.99% 15.99%. Is the APR for purchases a fxed rate APR or variable rate APR? Fixed rate variable Fixed rate Introductory APR What is the rate and how long does it last? 14.99%,introdu ctory 6 months 0% introductory APR for six 11.99% for a year What is the APR for Balance Transfers? 15.99% 18.99% 14.99% What is the APR for Cash Advances? 21.99% 24.99% 20.99% What is the Penalty APR? 28.99% 29.99% 28.99% Is there a minimum interest charge? If so, how much? no less than $1.50. None no less than $2.00. Set up and Maintenance Fees Annual Fee: $20,Account Set-up Fee: $20 (one-time fee), Participati on Fee: $12 annually ($1 per month), Additio nal Card Fee: $5 annually (if applicable) Annual Fee: $0 Account Set- up Fee: $20 (one-time fee) Participation Fee: $15 annually Additional Card Fee: $5 annually (if applicable) Annua1 Fee: $15 Account Set-
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