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Name: FORMTEXT ?????Date: FORMTEXT ?????School: FORMTEXT ?????Facilitator: FORMTEXT ?????5.03 Analyzing Credit Card OffersYou have received three credit card offers in the mail. Each offer has been summarized below:Offer #1Offer #2Offer #3Annual FeeNone$20$100Introductory Rate0% APR for 12 Months0% APR for 15 Months0% APR for 10 MonthsAPR12.5%15.5%18.5%Late Fees$36$36$36Credit Line$2,000$1,500$1,000Special OfferNone5% cash back for any amount spent over $3,000 during the first 15 monthsNoneRewards ProgramNoneNone3% Cash Back on All PurchasesPart I: Answer the following questions.Which credit card offer has the lowest annual fee? FORMTEXT ?????Which credit card offer has the best introductory rate? FORMTEXT ?????Which credit card offer has the lowest interest rate? FORMTEXT ?????Which credit card offer would be the best for someone who carries a balance from month to month? FORMTEXT ?????Why would Credit Card Offer #2 include a Special Offer? FORMTEXT ?????Which credit card offer would be best for someone who pays off their balance in full each month? FORMTEXT ?????Which credit card offer would you choose? FORMTEXT ????? Why? FORMTEXT ?????How does having a credit card impact your personal finances? FORMTEXT ????? ................
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