Lesson 4: Credit Cards
Handout 2

Comparing Credit Cards

Choosing a Credit Card: Comparing all the Options

Evaluate the three credit card offers by filling out the chart below. Summarize your results by answering the questions that follow.

Card Costs and Features
Card 1:
Card 2:
Card 3:
Interest Rate
 
 
 
 
Balance Calculation Method
 
 
 
Duration of Grace Period
 
 
 
Annual Fee
 
 
 
 
Late Fee
 
 
 
 
Cash Advance Fee
 
 
 
 
Over the Limit Fee
 
 
 
 
Transaction Fee
 
 
 
 
Minimum Finance Charge
 
 
 
Any Special Offers?
 
 
 
 
 
Are the offers alike or different? Explain your answer.
 
 
 
What hidden fees increase the cost of using credit?
 
 
 

Was the information easy to find and understand? Explain your answer.

 
 
 
Which credit card would you choose and why?