LHS Personal Finance
LHS Personal Finance
Accepting a Credit Card
For this assignment … I would like you to go to & research the credit card options that are available to you at different stages in your life. Once you have surfed the site … answer the following questions.
1. What are you looking for in a credit card?
2. Which of the following is important to you & why:
Cash Back:
Low Interest Rates:
Travel & Airline Miles:
Rewards Cards:
3. What options interest you under the student cards link?
4. What options are available to you if you have no or limited credit?
5. Explain the difference between an “Introductory APR” and a “regular APR”.
6. Using the credit card calculator & paying the minimum payment … how long will it
take you to pay off the following balances at 18%? What is your finance charges?
A. $3000
B. $5000
C. $8000
D. $12,000
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