Credit Card Statistics Puzzles

2.4.1.H1

Activity Cards

Credit Card StatisticsPuzzles

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at The University of Arizona

2.4.1.L1

Note taking guide

Take Charge of Credit Cards

Note Taking Guide

Total Points Earned
36 / Total Points Possible
Percentage
What is a late payment fee? / What is an over-the limit fee? / What is Penalty APR?

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at The University of Arizona

2.4.1.B1

Rubric

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at The University of Arizona

2.4.1.E1

Resource

Credit Card Bumper Stickers

Examples

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at The University of Arizona

2.4.1.A1

Worksheet

Taking Credit Cards by the Horns

Total Points Earned
25 / Total Points Possible
Percentage

Name______

Date______

Class ______

Directions: Match the following terms with the correct definitions. (1 point each)

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at The University of Arizona

2.4.1.A1

Worksheet

Annual Percentage Rate
Credit
Credit Limit
Due Date
Interest
Late Payment Fee
Minimum Payment
Over-the-limit fee
Penalty APR

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at The University of Arizona

2.4.1.A1

Worksheet

______Fee charged when a cardholder does not make the minimum monthly payment by the due date.

______The price of money

______When goods, services, or money is received in exchange for a promise to pay a definite sum of money at a future date

______The maximum dollar amount that can be charged on a credit card

______The interest rate charged on a credit card account each month

______Minimum amount of a credit card bill that must be paid every month.

______A higher interest rate that is charged on new transactions

______The date the minimum payment is due.

______Charged if the amount of money charged goes over the card’s credit limit

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at The University of Arizona

2.4.1.A1

Worksheet

Directions: Identify the following statements as positive or negative uses of a credit card. Place a “P” in the blank if the action is a positive use of a credit card and place a “N” in the blank if the action is a negative use of a credit card. (1 point each)

______Paying the amount charged to a credit card in full every month

______Paying credit card payments on time

______Paying only the minimum payment due

______Keeping track of all charges by keeping receipts

______Going over the card’s credit limit

______Checking the monthly credit card statement for errors

______Charging items that can’t be paid off within the month

Directions: Answer the following questions.

How can a person avoid paying interest on a credit card?(1 point)

What is the difference between a credit card and a debit card?(2 points)

What does it mean to be a co-signer on a credit account? (1 point)

What are two advantages and two disadvantages to using a credit card? (2 points)

Why is it important to examine a credit card statement? (1 point)

What are two safety tips that should be followed when using a credit card?(2 points)

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at The University of Arizona