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2.6.3.A1

CreditCardOfferVocabulary

TotalPointsEarned

TotalPointsPossible

Percentage

Name

24

Date

Class

Step1:Findandhighlighteachofthevocabularywordsinthetablebelowinthecreditcardofferprovided.(8
points)

Annualfee
Creditlimit
PenaltyAPR
VariablerateAPR

VocabularyWords
Annualpercentagerate
Balancetransfers
(APR)
Introductoryrate
Latepaymentfee
Preapproved
Returnpaymentfee

Creditcard
Overthelimitfee
SchumerBox

Step2:Reviewthehighlightedwordsinthecreditcardoffer.Whichwordsareyounotfamiliarwith?Write
sixwordsthatyouarenotfamiliarwithinthefirstcolumnofthetablebelow.Usingyourinformationsheet,
writethedefinitionofeachwordinyourownwordsinthesecondcolumn.(8points)
Word

Definition

Whythismatters

Step3:Afterinstruction,completecolumnthreebydescribingwhyitisimportanttounderstandeachword
whenevaluatingacreditcardoffer.(8points)

TakeChargeTodayMay2014UnderstandingCreditCards
FundedbyagrantfromTakeChargeAmerica,Inc.totheNortonSchoolofFamilyandConsumerSciencesTakeChargeAmericaInstituteatTheUniversityofArizona

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