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Credit Cards Craig Sakamoto 5/24/04.

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Presentation on theme: "Credit Cards Craig Sakamoto 5/24/04."— Presentation transcript:

1 Credit Cards Craig Sakamoto 5/24/04

2

3 What is credit How Credit cards work How Credit Companies make money Steps to maintaining good Credit

4 What is credit “Reputation” Credit history Proof of payment Risk level
Loans, Mortgages Credit Card use

5 How Credit Cards Work Previous Balance Interest Payment
-______________ +______________ New Balance Charges Made Ending Balance Charges Made +______________ Balance Balance

6 Credit Card Policies Credit Limit APR Additional Bonuses

7 How they make money Interest Rates Other Fees Cash Advances
Late Charges Grace Periods

8 Handling Credit We’re Targets Moderation Pay in Full Pay on time

9 Credit Cards Craig Sakamoto 5/24/04

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