SlideServe
Télécharger Obtenir Pro
Menu
Accueil Pro
Préférences
ApparenceLight Aide et commentaires
© SlideServe · v2026

Chapter 4, Section 1

ingo avatar
ingo
9 diapositives · 283 Views · Jul 07, 2014

Credit Card Costs. Chapter 4, Section 1. I CAN…. Identify important information about credit cards terms and conditions. Calculate the new balance on a credit card. Verify transactions on credit card statements. Calculate the cost of using a credit card. How do I know how much I owe?.

Chapter 4, Section 1 - slide 1
01 / 9Chapter 4, Section 1
1 / 17

Télécharger la présentation

Chapter 4, Section 1
Une image / un lien ci-dessous est fourni (tel quel) pour télécharger la présentation

Politique de téléchargement : le contenu du site vous est fourni TEL QUEL pour votre information et votre usage personnel ; il ne peut être vendu, concédé sous licence ni partagé sur d’autres sites sans l’accord de son auteur.Le contenu vous est fourni TEL QUEL, pour votre information et votre usage personnel uniquement. Téléchargez la présentation en cliquant sur ce lien. Lors du téléchargement, si vous ne parvenez pas à télécharger une présentation, l’éditeur a peut-être supprimé le fichier de son serveur.Pendant le téléchargement, si vous ne parvenez pas à obtenir une présentation, le fichier a peut-être été supprimé par l’éditeur.

F I N

Plus de contenu associé

Transcription de la présentation

  1. Credit Card Costs Chapter 4, Section 1

  2. I CAN… • Identify important information about credit cards terms and conditions. • Calculate the new balance on a credit card. • Verify transactions on credit card statements. • Calculate the cost of using a credit card.

  3. How do I know how much I owe? • Each month the credit card company provides a statement to the credit card user that details: • Purchases • Fees • Payments and other credits • Total amount owed (including interest)

  4. What are the “credit terms & conditions”? • Something you should read BEFORE you sign up for a credit card! • They outline the costs associated with using the credit card—they usually have a disclosure box (example on p. 129).

  5. Can I use a credit card without having to pay “fees?” • YES! • If you pay your balance (how much you owe) in full by the due date you don’t have to pay interest! This is called the “grace period.” • However, other fees may apply to things such as cash advances, balance transfers, etc. • Example 1, p. 130 • Check your understanding A

  6. So what all is on a credit card statement? • Transactions- things such as purchases, payments made, and fees. • Credits- when an amount is subtracted from the total balance due. Ex: You purchased something with your card and then returned it back to the store OR a payment made. • Cash advance limits • Finance charges (also known as interest) • Statement closing date-last date on which transactions were posted. • APR • Minimum payment due • New balance = previous balance + (purchases/fees/ finance charges) – (payments/credits) • Example 2, p. 132 • Check your understanding C

  7. How do I make payments on my credit card? • Either by mail or online • Most companies have an online website available 24 hours a day. • It’s important to check often to ensure that there are no UNAUTHORIZED CHARGES on your account. • Example 3, p. 133 • Check your understanding E

  8. How much does it cost to use a credit card? • WAY TOO MUCH!!! • Example 4, . 133 • Check your understanding G & H

  9. Let’s practice! • P. 134-136, 12-22