CIVICS AND ECONOMICS



Credit Card Comparison

Use the website: and compare 4 credit card from each of the different credit levels (Poor Credit, Fair Credit, Good Credit, Excellent Credit)

|Type of Credit & |APR (%) |Annual Fee |Other Fees/Late Fees |Balance Transfer | Rewards |

|Company | | | | | |

|Ex- Visa Signature, |0% for 9 months, |None |Cash Advance Fee 3% |No Fees |Earn double miles on travel, fly any airline with no |

|Capital One |16.99% after | |Late Fee-$38 | |blackout dates |

|Poor Credit | | | | | |

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|Fair Credit | | | | | |

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|Good Credit | | | | | |

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|Excellent Credit | | | | | |

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Answer questions on the back of page.

Answer these follow-up questions:

1. How does your credit score impact the credit cards available to you? Why?

2. Why are interest rates and fees higher when you have poor credit?

3. There are many credit cards available. What kinds of tactics to credit card companies use to bring in customers?

4. What are some positives to using/having a credit card?

5. What are some of the negatives to using/having a credit card if it is not used responsibly?

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