Day 107

Lesson Objectives

• Explain how credit cards work

Assignment CU5.3

1. Watch this video to get an understanding of how credit cards work.
   • How are credit cards different from debit cards?
   • When do you get charged interest on a credit card?
   • Why do credit cards like it when you pay the minimum?
   • How frequently is the interest calculated if you carry a balance?
   • If you choose to use a credit card, what are some suggested strategies to keep from having to pay interest?
2. Knowing how credit cards work, you will now learn more about different credit card types/plan and applications by reading the links and answering the questions:
   • Make a copy of this Google Document (Espanol), rename it Types of Credit Cards-(Your Initials), and move it into your Lesson 5 folder.  Complete the assignment as directed.
   • Make a copy of this Google Document (Espanol), rename it CC Applications-(Your Initials), and move it into your Lesson 5 folder.  Complete the assignment as directed.