Credit Cards

Credit Cards

Worksheet • 30 min of learning

Here's how Credit Cards aligns with curriculum standards in Washington DC. Use the filters to change the location, set of standards, and grade level.

CREDIT

Knowledge Standards

CR.K.2: Assess different methods of debt management assistance.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with Credit Cards
Students will evaluate the elements of a plan for a person who is having difficulty repaying debt.

Skills Standards

CR.S.1: Examine the cost of credit using the Annual Percentage Rate (APR), Effective Annual Rate (EAR) or the actual rate to be paid based on the period of compounding and other terms in the contract for a credit card or loan for purchases.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with Credit Cards
Students will compare the cost of borrowing $1,000 using consumer credit options that differ in rates and fees.
Students will analyze how credit card grace periods, methods of interest calculation and fees affect borrowing costs.