Question
Please answer EVERY PART and QUESTION, if you do not want to then let someone who will answer this please! 1A. Research 3 different credit
Please answer EVERY PART and QUESTION, if you do not want to then let someone who will answer this please!
1A. Research 3 different credit cards. Compare the three credit cardoffers by completing the table below to describe key features of each. You may research bank credit cards, credit card websites, or financial institutions. If you are currently shopping around for a credit card or for better rates, this is a good opportunity for you to do some research about credit cards.Fill in the table below.
Once you have completed the table (1A) answer questions 1B and 1C.
1B. What did you learn from the comparison?
1C. Which credit card offer is best for you and why?
Review Anthonys credit card situation and complete the credit utilization problems.
Anthony has a Visa card with a $33,500 limit, a MasterCard with a $22,000 limit, a Chase Card with a limit of $17,000 and a Discover card with a $37,500 limit.
Anthony has accumulated the following balances on his credit cards:
- Visa card: $19,299
- MasterCard: $19,952
- Chase card: $2,000
- Discover card: $3,886
Based on Anthonys credit card limits and balances answer questions 2A and 2B.
2A. What is Anthonys debt to credit ratio?
2B. Based on the information presented in the course materials, is Anthonys DCR good or bad? Why?
\begin{tabular}{|l|l|l|l|} \hline \multicolumn{1}{|c|}{ Credit Card Feature } & Card \#1 & Card \#2 & Card \#3 \\ \hline Credit Card Name & & & \\ \hline APR (annual percentage rate): & & & \\ \hline Is it fixed or variable? & & & \\ \hline Penalty APR (trigger events) charged & & & \\ \hline Annual fee & & & \\ \hline Late fee & & & \\ \hline Over-the-limit fee & & & \\ \hline Transaction fees (balance transfers, & & & \\ Cash advances, etc.) & & & \\ \hline Grace period (How many days?) & & & \\ \hline Rewards (Type of Incentive) & & & \\ \hline Other key features & & & \\ \hline \end{tabular}Step by Step Solution
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