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Use the attached form and research two major credit cards and one department store credit card. And please answer the following questions thanks. directions Using
Use the attached form and research two major credit cards and one department store credit card.
And please answer the following questions thanks.
directions Using the attached form, research the costs and features of - Two major credit cards, and One credit card from a department store. When you're done, answer the following questions. what did you find? 1. Which credit card has the highest annual percentage rate and how much is it? 2. What method is used to calculate the monthly finance charge for the first major credit card? 3. When does the finance charge begin to accrue on the credit card from the local department store? 4. Do any of the cards have annual fees? If so, which one(s) and how much is the fee? 5. Is there a transaction fee on any card? If so, how much is it? 6. Is there a minimum finance charge on either of the major credit cards? If so, how much is it? 7. Does the first major credit card charge a fee for late payments? If so, how much is it? 8. What is the grace period on the credit card from the local department store? 9. Rafael wants to buy a new CD player that costs $450. According to his budget, he can afford payments up to $62.00 per month. Which of the three credit cards you've found would you recommend that Rafael use to purchase the CD player? Why? use the following form to compare two or more credit cards: card one card two card three Type of account: Credit card Charge card Company name, address, phone Website Locations where card is accepted Annual fee (if any) Grace period Annual Percentage Rate (APR) Finance charge calculation method Credit limit Minimum payment Other fees: Late payment Other features directions Using the attached form, research the costs and features of - Two major credit cards, and One credit card from a department store. When you're done, answer the following questions. what did you find? 1. Which credit card has the highest annual percentage rate and how much is it? 2. What method is used to calculate the monthly finance charge for the first major credit card? 3. When does the finance charge begin to accrue on the credit card from the local department store? 4. Do any of the cards have annual fees? If so, which one(s) and how much is the fee? 5. Is there a transaction fee on any card? If so, how much is it? 6. Is there a minimum finance charge on either of the major credit cards? If so, how much is it? 7. Does the first major credit card charge a fee for late payments? If so, how much is it? 8. What is the grace period on the credit card from the local department store? 9. Rafael wants to buy a new CD player that costs $450. According to his budget, he can afford payments up to $62.00 per month. Which of the three credit cards you've found would you recommend that Rafael use to purchase the CD player? Why? use the following form to compare two or more credit cards: card one card two card three Type of account: Credit card Charge card Company name, address, phone Website Locations where card is accepted Annual fee (if any) Grace period Annual Percentage Rate (APR) Finance charge calculation method Credit limit Minimum payment Other fees: Late payment Other featuresStep by Step Solution
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