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Page 1: Take Charge of Credit Cards Note Taking · PDF fileTake Charge of Credit Cards Note Taking Guide ... Norton School of Family and Consumer Sciences Take Charge ... receiving a credit

2.4.1.L1 Note taking guide

© Family Economics & Financial Education – November 2010 – Get Ready to Take Charge of Your Finances –Take Charge of Credit Cards– Page 18 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

Take Charge of Credit Cards

Note Taking Guide

Total Points Earned Total Points Possible

Percentage

What is credit?

What is interest?

What is a credit card?

A credit card is a form of

credit!

What is a credit limit?

What is APR?

What is a minimum payment?

How can interest charges be avoided on a credit card?

Page 2: Take Charge of Credit Cards Note Taking · PDF fileTake Charge of Credit Cards Note Taking Guide ... Norton School of Family and Consumer Sciences Take Charge ... receiving a credit

2.4.1.L1 Note taking guide

© Family Economics & Financial Education – November 2010 – Get Ready to Take Charge of Your Finances –Take Charge of Credit Cards– Page 19 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

What is a debit card?

What two steps are invlolved with getting a credit card?

What are the Advantages and Disadvantages to

Using a Credit Card?

Are there any restrictions to receiving a credit card?

Advantages Disadvantages

1.

2.

Page 3: Take Charge of Credit Cards Note Taking · PDF fileTake Charge of Credit Cards Note Taking Guide ... Norton School of Family and Consumer Sciences Take Charge ... receiving a credit

2.4.1.L1 Note taking guide

© Family Economics & Financial Education – November 2010 – Get Ready to Take Charge of Your Finances –Take Charge of Credit Cards– Page 20 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

What is a late payment fee? What is an over-the limit fee? What is Penalty APR?

Responsible Credit Card Use

What are two items that are included in a credit card statement?

What are two credit card safety tips?

Do Don’t

1.

2.

1.

2.