1.) Research two different credit card options.

2.)Compare the two options including the following: Introductory offers, APR (annual percentage rate) after introductory term, incentive offers (cash back, store incentives, frequently flyer miles, etc.), grace period for purchases and payments, fees, and pros and cons for each card. Complete the two boxes below for each card.

Card #1

Name:

Where the card is accepted:

Introductory term:

APR:

Incentive offers:

Grace period:

Purchases:

Payment:

Fees:

Pros about this card:

Cons about this card:

Card #2

Name:

Where the card is accepted:

Introductory term:

APR:

Incentive offers:

Grace period:

Purchases:

Payment:

Fees:

Pros about this card:

Cons about this card:

3.)Choose a card and why did you chose it.

4.)Which card was selected?

5.)What was the reasoning behind your decision?

Credit Basics and Protecting My Identity

1. What is credit?

2. Why are credit ratings and credit reports important to consumers?

3. How can you build and maintain a good credit score?

4. What are the implications of entering into contracts and binding agreements? (Examples: cell phone contracts, college loans, mortgages, etc.)

5. What are some examples of legal and illegal types of credit?

6. What is bankruptcy?

7. What are the implications of declaring bankruptcy?

8. What are some things you can do to avoid identity theft?