Page|27
1.4.1.A4
©FamilyEconomics&FinancialEducationRevisedMay2011CreditUnitUnderstandingaCreditCard
FundedbyagrantfromTakeChargeAmerica,Inc.totheNortonSchoolofFamilyandConsumerSciencesTakeChargeAmericaInstituteatTheUniversityofArizona
Byeducators…foreducators
UnderstandingaCreditCardStatement
TotalPointsEarned
Name
15
TotalPointsPossible
Date
Percentage
Class
Directions:Refertotheprovidedcreditcardstatementtoanswerthefollowingquestions.
1.
WhatisthecurrentAPRforpurchases,balancetransfers,andcashadvances?
(3points)
2.
Whatwasthetotalamountofinterestchargedforthisbillingcycl e?Howmuchofthisinterestwaschargedto
purchases?Howmuchofthisinterestwaschargedtocashadvances?
(3points)
3.
Whatwasthetotalamountoffeeschargedforthisbillingcycle?Whatwerethesefeeschargedfor?
(2points)
4.
Arethereanychangestothetermsoftheaccount?Ifso,whatarethechanges?
(2points)
5.
Whatwillhappenifthecreditcardbillisnotpaidontimethismonth?Howwillthisaffectfuturepurchases?
(2points)
6.
Thecardholderpaystheminimum paymentof$53.00thismonthandmakesno newpurchasesduringthe
nextbillingcycle.Whatwillbethenew creditcardbalanceduringthenextbillingcycleifthecardholderhasa
$10.27interestchargeforthemonth?
(1point)
7.
Howmuchofthecreditlimitisleftforthiscreditcard?Canthisfullamountbechargedtothecreditcard?
(2
points)
Page|28
1.4.1.A4
©FamilyEconomics&FinancialEducationRevisedMay2011CreditUnitUnderstandingaCreditCard
FundedbyagrantfromTakeChargeAmerica,Inc.totheNortonSchoolofFamilyandConsumerSciencesTakeChargeAmericaInstituteatTheUniversityofArizona
Byeducators…foreducators
PaymentInformation
NewBalance $1749.53
MinimumPaymentDue $53.00
PaymentDueDate 4/20/12
LatePaymentWarning:Ifwedonotreceiveyourminimumpaymentbythedate listed
above, you may have to pay a $35 fee and your APR’s may be increased up to the
Penaltyrateof28.99%
MinimumPaymentWarning:Ifyoumakeonlytheminimumpaymenteachperiod,
youwillpaymoreininterestanditwilltakeyoulongertopayoffyourbalance.For
example…
Ifyoumakenoadditional
chargesusingthiscardand
eachmonthyoupay…
Youwillpayoffthe
balanceshownonthis
statementinabout…
Andyouwillendup
payinganestimated
totalof…
Onlytheminimumpayment 10years $3,284
$62 3years $2,232
SummaryofAccountActivity
PreviousBalance 535.07
Payments‐450.00
Purchases +529.57
BalanceTransfers +785.00
CashAdvances +318.00
PastDueAmount +0.00
FeesCharged +34.45
InterestCharged +10.89
NewBalance $1,749.53

CreditLimit $2,000.00
Availablecredit $250.47
Statementclosingdate 3/22/2012
Daysinbillingcycle 30
Transactions
ReferenceNumber TransDate PostDate DescriptionofTransactionorCredit Amount
XXXX1 2/22 2/23 Store#1 $529.57
XXXX2 2/25 2/26 Payment $450.00‐
XXXX3 2/26 2/26 CashAdvance $318.00
XXXX4 3/15 3/17 BalanceTransfer $785.00
Fees
XXXX6 2/27 2/27 BalanceTransferFee $23.55
XXXX7 2/28 2/28 CashAdvanceFee $10.90
TotalFeesforthisPeriod $34.45
InterestCharged
InterestChargeonPurchases $6.31
InterestChargeonCashAd vances $4.58
TotalInterestforthisPeriod $10.89
2012TotalsYeartoDate
Totalfeeschargedin2012 $55.14
Totalinterestchargedin2012 $18.27
InterestChargeCalculation
TypeofBalance AnnualPercentageRate(APR) BalanceSubjecttoInterestRate InterestCharge
Purchases 14.99% $512.14 $6.31
CashAdvances 21.99% $253.50 $4.58
BalanceTransfers 0.00% $637.50 $0.00

ImportantChangestoYourAccountTerms
Thefollowingisasummaryofchangesthatarebeingmadetoyouraccountterms.Formore
detailedinformation,pleaserefertothebookletenclosedwiththisstatement.Thesechanges
willimpactyouraccountasfollows:
Transactionsmadeonorafter4/9/12:Asof5/10/12,anychangestoAPR’sd e scribedbelow will
applytothesetransactions.
Transactionsmadebefore4/9/12:CurrentAPRswillcontinue toapplytothesetransactions.
RevisedTerms,asof5/10/12
APRforPurchases 16.99%
CREDITCARDSTATEMENT