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Assessment Resource Centre (ARC)

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  1. Years 9-10
  2. Commerce
  3. Activities
  4. Comparing Credit Cards
  5. Scenario
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Scenario

Daisy is leaving for a holiday shortly. She had drawn up a budget hoping to save $150 per week, but this has not eventuated. As a consequence, Daisy has decided to apply for a credit card and use it to pay for her holiday.

Write a report and in the report:

  • compare three credit cards from different financial institutions. Describe their key features, such as fees, interest rates, loyalty programs
  • discuss the advantages and disadvantages of each of the credit cards for Daisy
  • recommend and justify the most appropriate credit card for Daisy to use
  • evaluate whether a credit card is appropriate for Daisy to use to pay for her holiday
  • provide a bibliography.
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