Working in a small group, collect credit card marketing information or the summary of account information sent to cardholders for three to five different cards. Be sure to protect the identity of the recipients. Or, use selected card information from one or more categories reported on www.cardtrak.com. Use the information to complete one or more of the following activities.

a. Summarize the card information into a chart showing the purchase balance calculation method, annual percentage rate (APR) of interest for purchases, grace period, annual fee, and minimum finance charge. Compare the results.

b. Summarize the card information pertaining to cash advances into a chart showing grace period, interest rate, and transaction fee for cash advances.

Compare the results.

c. Summarize the card information pertaining to additional or penalty fees into a chart. Consider the penalty APR as well as fees for late payment, exceeding the credit limit, or a bounced check Compare the results.

d. Summarize the additional benefits, or "perks," that are available, such as insurance programs, car rental discounts, traveler assistance, and so on. Compare the results.

e. Select the card that would be most appropriate for a credit user. Justify your choice.

f. Select the card that would be most appropriate for a convenience user. Justify your choice.

g. Review the information requested on the application. Explain how the information relates to the "five Cs of credit."