Credit Card Activity Worksheet and Summary.docx - Credit...

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Credit Card ApplicationName: _______________________________Review WorksheetHr: ________Review the chosen credit application for the following terms and conditions and document your findings.If the information is not included, simply put “n/a” in the space.Name of store and type of credit (proprietary or multipurpose):________________________________(If it gives you a choice, just choose one or the other, then answer all of the questions based on that choice.)Beginning Annual Percentage Rate: ____________ %(If more than one, list at least 2 and what determines which rate is granted)Is this rate fixed or variable? _______If fixed, are there any specific circumstances that can makethis rate change from fixed to variable? If so, what are they?Under what conditions can/will the beginning rate change (if it will change)?Is there a different rate for cash advances? ______ If so, what is it?Is there a different rate for transferred balances? _______ If so, what is it?Does the account have a grace period? _________ If so, how long? ___________________If you miss the due date for the payment, what happens to your account?

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Term
Fall
Professor
J Gornto
Tags
Interest, Payment, Credit card, Cheque, Credit history

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