2. What’s Next for Your Personal Financial Plan?

Make a list of the pros and cons of using credit or debit cards.

Contact a local credit bureau to obtain information on the services provided and the fees charged.

Purpose: To compare the benefits and costs associated with different credit cards and charge accounts.
Financial Planning Activities: Analyze ads and credit applications and contact various financial institutions to obtain the information requested below. This sheet is also available in an Excel spreadsheet format in Connect Finance.
Suggested Websites: www.bankrate.com, www.creditcards.com, www.consumerfinance.gov

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Type of credit/chargeaccount Name of company/account Address/phone Website Type of purchases that can be made Annual fee (if any) Annual percentage rate (APR) (interestcalculation information) Credit limit for new customers Minimum monthly payment Other costs: credit report late fee other Restrictions (age, minimum annual income) Other information for consumers to consider Frequent flyer or other bonus points