Student Date Period 7 Credit Card Final Activity Comparing Finance Charge Methods Your credit card statement for the month of June is shown below. In this chapter, you learned a variety of ways in which credit card companies compute your finance charge. Let's compare them to see which are the most advantageous and which are the most costly to you, the customer. DESCRIPTION REFERENCE POSTING DATE TRANSACTION DATE PURCHASES & ADVANCES PAYMENTS & CREDITS 1-15724 6/08 6/07 Home Builders $82.56 1-32766 6/14 6/12 1-49287 6/20 Casey's Electronics PAYMENT 34.23 $100.00 1-76591 6/26 6/25 Pizza Place 24.52 BILLING PERIOD PREVIOUS PERIODIC AVERAGE DAILY FINANCE BALANCE RATE BALANCE CHARGE 6/01-6/30 $121.87 15% PAYMENTS & PURCHASES & NEW MINIMUM PAYMENT CREDITS ADVANCES BALANCE PAYMENT DUE $100.00 $141.31 $25.00 7/21 1. What is s finance charge for June if your credit card company uses the unpaid-balance method? 2. How can make this method of computing your finance charge most advantageous to you?