The goal of this game is to compare the cost that interest and fees can add to a purchase when the purchase is made using a credit card. Students compare the costs of using credit cards with varying interest rates, learn about important credit card terminology, and discover ways to responsibly manage credit.
1. Explain how credit cards work. Why would a financial institution let you borrow money to finance your purchases?
2. How can interest rates vary on a credit card? How does that impact your overall repayment amount if you don’t pay it back all at once, in the grace period?
3. Talk about special offers credit card companies make, and explain whether they are as significant to the consumer as the rate and fee structure of the card.
4. Discuss whether it is a good idea to carry credit card debt if you have enough money to repay the card within the grace period. What is the best way to use a credit card responsibly?
Academic standards correlations on Teachers' Domain use the Achievement Standards Network (ASN) database of state and national standards, provided to NSDL projects courtesy of JES & Co.
We assign reference terms to each statement within a standards document and to each media resource, and correlations are based upon matches of these terms for a given grade band. If a particular standards document of interest to you is not displayed yet, it most likely has not yet been processed by ASN or by Teachers' Domain. We will be adding social studies and arts correlations over the coming year, and also will be increasing the specificity of alignment.