1.) Read all about Credit Cards at
Wikipedia
2.) Take the Credit-Ed
Challenge Tutorial
3.) Build a Glossary
of Terms
Create your list and write definitions
using your own words as much as possible. Citibank has a glossary of terms for your use. Click on the link
below: http://www.myhomeequity.com/HomeEquity/glossary.do You can also use Wikipedia or other sources. Divide the words up between
team members.
Terms to include:
Annual Fee, Annual Percentage Rate (APR),
Average Daily Balance, Balance, Billing Cycle, Cash Advance, Charge Card, Collateral, Contract, Credit Card, Credit Limit,
Credit Report, Credit Risk, Debit Card, Ending Balance, Finance Charge, Fixed Rate Loan, Interest Rate, Late Fee, Margin,
Minimum Payment, Prime Rate, Principal Balance, Revolving Credit, Secured Credit Card, Terms and Conditions, Unsecured Loan,
Variable Rate Loan
4.) Create a Paragraph Decribing Vocabulary
Each member of your group must write a meaningful
paragraph incorporating at least five of these words. The paragraph should help the reader understand what the words mean.
5.) Read More About
It
Everyone read the book excerpt, The Freshman Ten. Then review the other articles using links on that page. Divide
the articles up between team members. Choose 1 article each and write a summary about it.
6.) Discuss and Write
2 Lists
As a group, discuss the pros and cons of having
and using credit cards. Create lists of the advantages and disadvantages of using them.
7.) Complete Charge
It Right Course
Each team member will go to the FDIC website
and complete the FDIC Money Smart online section on credit cards, "Charge it Right."
Assignment 1
Producion List
- Group Glossary
- Individual
paragraphs using new terms.
- Individual
summary of one article.
- Group lists
of advantages and disadvantages
