STORE CARD/CREDIT CARD BY CONOR DEANE, BEN D, CONNALL.

Slides:

Advertisements

Similar presentations

Credit Card Statistics n Farm Business Management n Mr. Gardner – Junction City High School –

Advertisements

1 Credit Card Basics What you need to know before signing up…

Do Now 1) What does APR stand for? 2) What is the cost of credit?

Credit Cards. Question 1 How many credit cards does the average family have: – A. 3 – B. 6 – C. 8 – D.10 Answer: 8.

THE BASICS OF CREDIT TYPES OF CREDIT

Credit Cards. What Is Credit? Credit is a method of selling goods or services without the buyer having cash in hand Credit is a method of selling goods.

C.A.R.E. Credit Abuse Resistance Education A program of: U.S. Bankruptcy Court, Western Missouri & Kansas Districts The Kansas City Bankruptcy Bar Association.

In Unit 4 we will see the importance of using and managing credit effectively in the financial planning process.

CARL JOHNSON FINANCIAL LITERACY JENKS HIGH SCHOOL Credit Cards – More Than Plastic.

Credit Statistics The average family carries a balance of between $5,000 and $8,000 on all their credit cards, depending on which figures you believe.

1 Press Ctrl-A ©G Dear 2011 – Not to be sold/Free to use Credit Card Costs & Charges Stage 6 - Year 12 Applied Mathematic.

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

Credit Cards An Introduction “Hi! Nice to meet you!”

1.5 Choosing to borrow money. Why borrow? People’s spending needs change over their personal life cycle so it is often necessary to borrow money by means.

Firewire Electronics Inc.. Beta Testing Test all the latest devices Apple, Samsung, hp you name it we got it.

Personal Finance Spring  Allows the user to buy goods based on the promise that they will later pay for the goods  Issuers give users access to.

Five C’s of Credit Character Capacity Collateral Capital Conditions.

Aim: Money Matters – Credit Cards Course: Math Literacy Aim: How does money matter? Installment buying – Credit cards! Do Now: A Blazer with a price of.

Credit Cards Did you know that 183 million Americans are using credit cards? Average credit card debt is ~ $7,100 per household in 1012.

Financial Literacy Part II. Credit Cards A plastic card having a magnetic strip, issued by a bank or business authorizing the holder to buy goods or services.

Credit statistics Average college student has 4.25 credit cards College seniors graduated with an average credit card debt of more than $4,100. Close to.

Why people borrow The best ways of borrowing & paying off debt. Credit deals to avoid How to deal with financial difficulties. Most of us will need to.

SECTION Growth and Decay. Growth and Decay Model 1) Find the equation for y given.

Credit & Debit Cards Personal Finance Mrs. Brewer.

April 9, 2010Math 132: Foundations of Mathematics 8.2 & 8.3 Homework Solutions 459: 35.a. I = (4000)(0.0825)(0.75) = $ b. $4, : 1.A = $10,000(1.

Banking and Credit Cards. Fees ATM Fee- charge for using ATM services from a different bank ATM Fee- charge for using ATM services from a different bank.

DO NOW: What attitudes do people have about the use of credit?   Always pay cash, Credit.

CREDIT VOCABULARY.  Credit = a promise to pay in the future for an item you purchase today.  Finance charge = the cost of using credit. This is usually.

CREDIT COUNSELING CREDIT CARDS GOOD VS. EVIL ARE ‘COLLEGE KIDS’ READY FOR CREDIT CARDS?COLLEGE KIDS.

Credit Cards Plastic Money!. Credit Cards 90% of credit card purchases are impulse purchases! Only 54% of card owners pay off their balances each month!

Credit What YOU need to know!. What is Credit? Credit is borrowing money now to make an immediate purchase and promising to repay it later.

Reading a Credit Card Statement

Credit Cards. What are the benefits? No need to carry large sums of cash Helps credit rating Have access to a written record of all purchases Rewards.

Credit Cards and Credit Reports Personal Finance Mrs. Brewer.

Charge It Right. 2 You Will Know  The characteristics of a credit card  The costs of using a credit card  The potential problems with credit card use.

Ryan Hozeska Kyle Taylor Joe Hart. What’s in Your Wallet?

Food Stamps: Supplemental Nutrition Assistance Program (SNAP)

By Rahel Kindya. This is a REWARDS CARD Annual Fee: you pay $95 a year, but the first year is free Rewards: 1 point per dollar APR: Variable %14-23 Introductory.

CREDIT AND BUDGETS. MONEY Each person makes unique decisions about money Most people have a mixture of different attitudes, values and beliefs about money.

Shelly goes shopping for jeans at Boscov’s on their big sale where everything in the store is marked down 20%. In addition, she clipped a manufacturer’s.

Partnerships. Campus Partnerships UH System Partnerships Community Partnerships Government Partnerships Industry Partnerships Academic Partnerships International.

Credit Card Numbers in the US

 Which rate is better if you’re a saver?  7.30% compounded quarterly  7.275% compounded monthly  7.25% compounded weekly  Find equivalent annually.

Simple Interest. Simple Interest – * the amount of money you must pay back for borrowing money from a bank or on a credit card or * the amount of money.

B13: I can find the new balance on a credit card statement.

In your notebook… Imagine you have a $2,000 balance on a credit card with an 18% interest rate. How long do you think it will take to pay off the balance.

Using Credit Wisely Types of Credit Credit Card Allows user to charge amounts in different places Given a credit limit, or maximum amount you can.

(The Nightmare Continues…).  Open-Ended Installment Loans differ from Fixed Installment Loans in a number of ways: ◦ They are often referred to as “revolving.

Family Economics & Financial Education 4.1.G1 © Family Economics & Financial Education – Revised October 2004 – Credit Unit – Selecting a Credit Card Funded.

CHAPTER 4, SECTION 4 Cash Advances. I CAN…  Calculate total finance charges on cash advances.  Calculate credit card balances that include cash advances.

Credit Credit: borrowing money to pay for something now while promising to repay it later. Lender: the person loaning the money Borrower: receives the.

NEFE High School Financial Planning Program Unit 4 – Good Debt, Bad Debt: Using Credit Wisely Good Debt, Bad Debt: Using Credit Wisely.

Credit Card Offer: Shop Around Greg Bush and James Colpean.

Credit Study Notes By: Your Name. Debit Card Credit Card A promise to: Buy Now, Pay: Charges: Mastercard or:

CHAPTER 32 CREDIT RECORDS AND REGULATIONS. CREDITWORTHINESS Established a credit record You are a good credit risk Lenders will want to know: 1. How much.

All About Credit. Using Credit Credit allows people to purchase goods and services that they can use today and pay for those goods and services in the.

Credit Questions to Consider  What is credit?  Does credit cost?  What are the advantages of using credit?  What happens if I misuse credit?

Chapter 4, Section 2 Credit Card Finance Charges.

CREDIT CARD COMPARISON. INSTRUCTIONS: Research 10 Credit Cards -go to Choose one credit.

Ms. Young Slide 4-1 Unit 4C Loan Payments, Credit Cards, and Mortgages.

+ Credit Cards Independent Living. + The granting of credit: The 3 C’s In order to be approved for a credit card the creditor will look at the following.

Analyzing Credit. Objective: You will use the Daily average method to determine the balance of a credit card, and will calculate the Effective Annual.

 In your notebook: › Draw › List › Write › Everything you know about credit and credit cards. › When the time sounds, share your list with your partner.

Consumer Economics Credit Credit Investing Investing.

Exponential Functions – Personal Finance Basic Formula for Compound Interest: A = P(1 + r/n) nt » A = Final Amount » P = Beginning Amount » r = rate –

THE BASICS OF CREDIT TYPES OF CREDIT 1.SECURED CREDIT (Mortgage or Car Loan) In This Type of credit, you make a large purchase like a car or a home and.

Rate of Return A percentage amount of return on an investment

Consumer Debt Statistics

Presentation transcript:

STORE CARD/CREDIT CARD BY CONOR DEANE, BEN D, CONNALL

STORE CARD Topshop store card – 19.9 %APR Sainsburys nectar – 17.9 %APR Debenhams % APR

GAME REWARD CARD Earning Points - Earn 2% of your purchase value back in Reward Points. Points for Preorders - Earn double Reward points when you Preorder and purchase - that's 4% of the value - as well as guaranteeing your copy of the game! Points for Trade-ins - Earn 2.5% of the trade-in value back in Reward points.

CREDIT CARD The average UK citizen has about five credit cards and an average balance of £9,000. There are more than 670 million credit cards in circulation in America. About 55 million people pay off their balances every month whilst 115 million do not. The other 500 million cards remain unused. The American credit card industry makes an overall profit of anything up to £25 billion ($50 billion) a year from APR interest charges alone.