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Compare and evaluate different credit cards.
Read and evaluate a credit card statement.
Calculate interest payable based on APR.

What do you the think the Guinness World
Record is for the most number of Credit
Cards an individual has?


Walter Cavanagh
claims to only use
one of his 1,497
credit cards, and he
pays it off in full at
the end of every
month.
Ultimately, this is the
real trick of good
credit – it’s all in how
you use it.
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Paying only minimum payments can take years,
and sometimes decades, to achieve full
repayment. It also costs you more.

Used to calculate what percent of your debt
you pay back to the bank each month.
Rate is for a 12-month period. Divide by 12
to determine what the monthly interest
percentage.
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For example:
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◦ 12% APR = 12%/12 months = 1% per month