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2.6.3.A1
©TakeChargeToday–May2014–UnderstandingCreditCards
FundedbyagrantfromTakeChargeAmerica,Inc.totheNortonSchoolofFamilyandConsumerSciencesTakeChargeAmericaInstituteatTheUniversityofArizona
CreditCardOfferVocabulary
TotalPointsEarned
Name
24
TotalPointsPossible
Date
Percentage
Class
Step1:Findandhighlighteachofthevocabularywordsinthetablebelowinthecreditcardofferprovided.
(8
points)
Step2:Reviewthehighlightedwordsinthecreditcardoffer.Whichwordsareyounotfamiliarwith?Write
sixwordsthatyouarenotfamiliarwithinthefirstcolumnofthetablebelow.Usingyourinformationsheet,
writethedefinitionofeachwordinyourownwordsin
thesecondcolumn.(8p oints)
Step3:Afterinstruction,completecolumnthreebydescribingwhyitisimportanttounder standeachword
whenevaluatingacreditcardoffer.
(8points)
VocabularyWords
Annualfee Annualpercentagerate
(APR)
Balancetransfers Creditcard
Creditlimit Introductoryrate Latepaymentfee Overthelimitfee
PenaltyAPR Pre‐approved Returnpaymentfee SchumerBox
Variable‐rateAPR
Word Definition Whythismatters