to Elvis the writer

profilesarhda
worksheets_5.2.xlsx
Home>Business & Finance homework help>to Elvis the writer

5.2

Worksheet 5.2 - Credit Card Scorecard
This worksheet will help you evaluate different credit card features and determine which card is the best fit for you. 1. In the Priority Rank column (pink squares), rank the listed features in sequence of importance, with 1 being the most important, and 24 being the least. Give consideration to how you plan to use the card and how you plan to make payments. 2. Select three credit cards to evaluate. For each feature, rank the card from 1 to 3, with 1 being the best. Enter the rank in the CC# Rank yellow squares. 3. Score each credit card feature’s comparative ranking by multiplying Priority and Rank. (For each row, Priority Rank * CC# Rank = CC# Score) 4. Total each of the credit card score columns (green). The lowest score is your best fit.
Credit Card Features Priority Rank CC 1: CC 1 Score CC 2: CC 2 Score CC 3: CC 3 Score
Rank (Priority Rank*CC1 Rank)* Rank (Priority Rank*CC2 Rank)* Rank (Priority Rank*CC3 Rank)*
APR: purchases 0 0 0
APR: cash advances 0 0 0
APR : balance transfers 0 0 0
APR if you pay late 0 0 0
Interest rate: fixed, variable, or tiered 0 0 0
Grace period: balance paid off 0 0 0
Grace period: carry a balance 0 0 0
Grace period for cash advances 0 0 0
Finance charge calculation: 1 or 2 cycles 0 0 0
Finance charge calculation: include/exclude new purchases 0 0 0
Finance charge calculation: average or adjusted 0 0 0
Minimum finance charge 0 0 0
Fee: annual 0 0 0
Fee: late payment 0 0 0
Fee: over credit limit 0 0 0
Fee: set-up 0 0 0
Cash advance: transaction fee 0 0 0
Cash advance limits 0 0 0
Credit limit amount 0 0 0
Secured/regular/premium card 0 0 0
Feature: rebates 0 0 0
Feature: frequent flier miles 0 0 0
Feature: insurance 0 0 0
Feature: other 0 0 0
Total Scores 0 0 0