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Lesson Objectives
- Explain the billing and payment process for credit cards
Assignment CU5.7
- Once you establish an understanding of credit cards, have researched your options, and have chosen one; your monthly statements begin to arrive once you start using them. Use the following links and information to better understand how the billing and payment processes work with credit card companies.
- Credit Card Payments and Finance Charges
- How to get out of Credit Card Debt
- Approximately 46% to 47% of American credit cardholders carry debt from month to month, with this figure remaining relatively stable. While around 81%-82% of U.S. adults have at least one credit card, nearly half of those users revolve a balance. Read this article (Espanol) and answer these questions (Espanol) to find out suggestions for getting out of debt if you find yourself in it at some point in your life.
- Keeping Credit Card Information Safe
- Approximately 151 million U.S. consumers, or about 65% of credit and debit card users, have fallen victim to credit card fraud at least once. In a recent study, nearly 450,000 reports of credit card fraud were filed with the FTC, and roughly 1.5 million American bank cards have been found for sale on the dark web.Read this article (Espanol) and answer these questions (Espanol) to identify how to keep your credit card information safe.
Assignment CU5.8
- After completing the assigned tasks in Lesson 5 above, share your Lesson 5 folder with your teacher. Your Lesson 5 folder should contain the following file:
- Credit Card History
- Credit Card Types
- Credit Card Applications
- My Credit Card Choice
- Credit Card (Poster)
- Making the Minimum
- Credit Card Bills (Google Form)
- Credit Card Debt (Google Form)
- Credit Card Safety (Google Form)
Lesson 5 Quiz-CU
- Complete the Lesson 5 Quiz for the Credit Unit.
