Credit Card Assignment

1. Your goal is to select 3 different credit cards (not applying) and fill in the chart. Each card varies on their characteristics. The main being the APR, Annual Fee, Rewards Programs, Required Credit Score needed to apply, and others. Which card would you choose and why? If you do not have any credit history, start by looking at No credit required credit card.

Credit Card Assignment

Credit Card Name

Credit Score Range

APY

Annual Fee

Rewards Program

2. Your FICO score, commonly referred to as your credit score, impacts your ability to obtain credit (buy a house, a car, and other major purchases). The importance of establishing and building great credit will save you money. Common places to check your credit score are Credit Sesame, your credit card company, and others. You should never pay to get your credit Score. If you know what it is you are ahead of the game. The goal is to make it as close to 850 (the highest maximum score) as possible.