CreditCardComparisonAssignment.docx

Credit Card Comparison Assignment

FIND two different credit card applications (e.g., online, at restaurants, etc.).

COMPARE the two credit card offers by completing the chart below to describe key features of each.

Credit Card Feature

Card #1

What is the name of the Credit Card?

What is the APR (annual percentage rate)? Is it fixed or variable?

 

Penalty APR and trigger events when it is charged

 

Annual fee

 

Late fee

 

Over-the-limit fee

 

Transaction fees (balance transfers, cash advances, etc.)

 

Grace period

 

Method for computing account balance

 

Rewards for use

 

Other features

 

Credit Card Feature

Card #2

What is the name of the Credit Card?

What is the APR (annual percentage rate)? Is it fixed or variable?

 

Penalty APR and trigger events when it is charged

 

Annual fee

 

Late fee

 

Over-the-limit fee

 

Transaction fees (balance transfers, cash advances, etc.)

 

Grace period

 

Method for computing account balance

 

Rewards for use

 

Other features

 

Which card offers the best deal and why ? (write a paragraph below)