Credit Card Statement Analysis - Worksheet.pdf

ANALYSIS John Doe’s Credit Card Statement Name____________________ Per.______ Date:___________ Directions: Use the credit card statement to answer the questions below. 1. What is the current balance that Joe Doe owes? 2. What is the total amount that Joe charged for this billing cycle? a. List the...

ANALYSIS John Doe’s Credit Card Statement Name____________________ Per.______ Date:___________ Directions: Use the credit card statement to answer the questions below. 1. What is the current balance that Joe Doe owes? 2. What is the total amount that Joe charged for this billing cycle? a. List the purchases that Joe made. 3. How much did Joe pay for his last payment? 4. Why was Joe charged $35 by the credit card company? 5. How much interest was Joe charged for this month? 6. What is the credit limit that Joe has for this credit card? a. What is Joe’s available credit? 7. What is APR for purchases for this credit card? 8. What is the minimum payment amount that Joe must make? 9. When is the due date for Joe to make a payment? 10. Did Joe take a cash advance on this credit card? 11.Why did you think the federal government requires that financial institutions place a “Total Minimum Payment Warning” on all credit card statements? © Career and life Skills Lessons, All Rights Reserved.