Three Credit Card Offers: Capital One: Venture Rewards American Express: Green Card Discover: “It”

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Three Credit Card Offers: Capital One: Venture Rewards American Express: Green Card Discover: “It”

Capital One: Venture Rewards Annual Fee: $59 per year Interest: 13.9% % var. APR Rewards: Air Miles Penalty/Return Fees: up to $35 Grace period: 25 days after close of each cycle Age 18 and Excellent credit

“Get Your Feet There Faster For Double Miles” Credit Limit: $5,000 - $30,000 Benefits include warranties, support, and insurance Grace period: 25 days after close of each cycle Age 18 and Excellent credit

American Express: Green Card Annual fee: $95 per year Rewards: Point System Age 18 and Good Credit Credit Limit based off of Eligibility Interest: Based off of Eligibility

“Enjoy Exceptional Rewards and Travel Benefits” Penalty/ Return Fee: up to $35 (Change if late) Foreign currency Fee: 2.7% Benefits include warranties, support, and insurance

Discover: “It” Card Annual Fee: None Interest: 10.99% % ($0 APR 14 months) Rewards: Cash-Back Benefits include warranties, support, and insurances Balance Transfer: 3%

“Fair. Generous. Flexible. Human.” Penalty/ Return Fee: up to $35 Grace Period: 25 days (23 for February) Credit Limits based on eligibility Age 18 and Limited Credit

Credit Card Cost Comparison Capital One: Venture Discover: “It” Card American Express: Green Card Interest Rate, APR $1000 X 13.9% = ($139) Interest Rate, APR $1000 X 10.99%= $109.9 Annual Fee $95 Late Fee($35)Late Fee $35 Late Fee $35 Rewards Air Miles $1000 x 2 m= 2000 Miles Rewards Cash- Back $1000 x 5% = $50 Rewards Points $1000 x 1 PT =1000Points Penalty APR $1000 x 29.40% = ($294) Interest Charge $1000 x $.50 = $500 Transaction Fees $1000x 2.7% = $27 Return Payment ($35) Return Payment $35 Return Payment $35 Total APR =$ 209 P. APR =$ 503 Total APR= $ P. APR= $629.9 Total APR = $165 P. APR =$192

The Math = The Card Discover: “It” Card We’d use Cash-Back The Interest Rates are up front

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