Comparing & Contrasting Credit Card Offers

“Hook” – You are an average American
with $8,000 in credit card debt. You just received in the mail a letter from
your credit card company that states that your interest rates will be 39% on
your credit card debt in fifteen days because the market has changed - - - can
they do that? (Yes)

a. Charting – 30
minutes

• Distribute copies of
  two separate credit card offers and Credit Card Comparison Sheet
• Students are to
  complete the credit card comparison sheet
• The instructor needs
  to explain how to make a graph for each. First, how do you determine prime
  based on the information in front of you on the credit card?

b. Drawing or Writing
– Remainder of bell and homework

• How would you feel if
  your life was ruined because of your choices with credit cards? How would you
  feel if your life was better because of your choices with credit cards? Today,
  you are going to tell me either through an essay, or a cartoon.

Choice - Drawing a
Cartoon/Persuasive Essay – Duration of the bell

• Students are to
  complete the above consistent with the rubric

Choice - ‘Story
Telling’ – Homework

• Students find a
  family member, friend, or teacher who had a terrible experience with credit
  cards and document the story (you do not have to use names). If they cannot
  find someone, they are responsible for developing a fictional story about how
  credit card debt tangled a web of misery for that person.