CREDIT CARD COMPARISON TABLE

 Your Name 

                                                           Card #1                           Card #2                           Card #3

Name of Card 
 
Financial Institution Issuing Card
APR for Purchases
Fixed or Variable Rate APR 
Index for Figuring Variable Rate APR 
Cash Advance APR
Cash Advance Fees
Method of Computing the Balance Used in Calculating Finance Charges
Annual Fee
Grace Period
Late Payment Fee
Over-the-Credit-Limit-Fee
Which of the above cards would be the best if you plan to pay your balance off each month?  Justify your choice.  
 
 
Which of the cards would be the least expensive if  if you carried an average daily balance of $1,000 throughout the year?  Justify your choice by showing the interest which would be paid with each card assuming the current APR prevailed during the whole year. 
  
List at least two factors not considered in the Credit Card Comparison Table that could be important in choosing a credit card.  

CREDIT CARD FEATURES TABLE

Place an X in the column which best reflects the importance of each feature to you and then write a brief

justification of your choice.

Feature Very Important Moderately Important Not Important Justification
 

High Credit Line

 

      
 

Low Interest Rate

 

      
 

No Annual Fee

 

      
 

Low Introductory Rate

 

      
 

Rewards

 

      
 

Grace Period