Credit Cards #5

Which store card has the worst purchase APR?

• Target

• Sam's

• Apple

• Koh's

• 3 Rivers

When credit cards' APR has a range, such as 15.99%-27.99%, how do you know which rate you will get?

*go back to G. Classroom, Mar. 24th and watch the video "What is APR"

Which store card has the best interest rate for purchases?

• Target

• Sam's Club

• Apple

• Kohls

• 3Rivers

What is the lowest purchase APR?

*include the %

Which store card has the best APR for a cash advance?

• Target

• Sam's

With a Target card, if you wanted to get a cash advance of $200, what would the FEE be?

(It's either the flat $ rate or the %, whichever is higher)

Multiply 200 by 3%. Then see if that's more or less than the $10 flat fee.

With a Sam's card, if you wanted to get a cash advance of $200, what would the FEE be?

(It's either the flat $ rate or the %, whichever is higher)

Multiply 200 by the 3% and see if it's more or less than the $5 flat fee.

Which store card(s) is/are the best regarding cash advance APR and cash advance fees?

• Target

• Sam's

• 3 Rivers

Put the cards in order from best to worst regarding their late fees

(best = 1, worst = 5)

• Sam's

• Target

• Apple

• Kohl's

• 3Rivers

When you have a credit card, when is the purchase APR added onto the balance that you owe?

(This is not on worksheet #5, but just basic credit card stuff)

*Go back to G. Classroom, Mon. 3/24 and watch the video "What is APR" for help- it's only 1 min.