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Class #1 March 30, 2009 Tasks: 1. Set up wiki for group ; assign a group leader who will be responsible for the layout of the wiki. 2. Assign a topic below to each group member and using the Wikipedia link in the webquest, do research to answer questions below. 3. Five contributions (individual) A. What is a credit card and how does it work. B. Describe a grace period and fees charged to customers.

Class #2 March 31. 2009

Tasks: 1. Watch the Citibank videos about credit card vocabulary 2. Using the glossary link on the Citibank page, choose 35 words that you believe are important for you and your peers to know. 3. Create a glossary page on your wiki and post the 35 definitions there. Please remember to write the definitions in your own words and cite your sources if you use any other sources for your research.

Class #3 April 6, 2009 Read //The Freshman Ten// and choose one individual article to read and review from the following list: (everyone in the group should pick a different article) HW due Tuesday April 7th 1. write and post review of article on Wiki page. (create another linked page). 2. Make two lists- pros and cons of having a credit card. Class #4 April 7, 2009
 * Consequences of Credit: Part 2
 * Can You Build Good Credit with a low spending limit?
 * Develop a Credit History During College
 * Credit Cards Teach Students a Costly Lesson
 * Easy Credit can mean Long-Term Hardship for College Students

During class: Read http://www.federalreserve.gov/pubs/shop/default.htm for tips on how to use a credit card.
 * Discuss the pros and cons list and finalize your group's list and post on wiki on separate page.

Each group member must research a credit card using the link: http://www.bankrate.com/brm/rate/cc_ratehome.asp?cc_online=0&hAboutType=C&product=cc&prodtype=cc&web=brm&R1=1&card_type=Student&card_class=All&cc_freq=1

Create a table for your group comparing the credit cards and post on a separate page on the wiki.

HW due Wed April 8th : 1. Post your list of the pros and cons of having a credit card on your wiki 2. Post a completed table of credit card options on your wiki.

Class #5 April 9th

Using the spreadsheet we used in class, create a spreadsheet illustrating how long it would take to pay off a $3000 credit card balance. Directions: Use the interest rate of 18% and an annual fee of $49 dollars to complete this chart. In Month 1, there was a balance due of $3,000. The borrower will make a monthly payment of $200 and keep new purchases at $115 per month for the year.

Class #6 -7 April 15th and 16th Create a page with your advice and recommendations about whether or not college students should have credit cards in their own names. Prepare for an oral presentation on the same topic on Friday April 17th. Be sure to address most of the following points in an organized informative matter. Do college students need credit cards? Why or why not? If so, how many credit cards should a student have? W hat should their credit limit be? How did you make this judgment? What are some of the dangers of having a credit card? What advice would you give to someone who just got a credit card? How much credit should a college freshman have, if any? How much of a balance should you carry on a credit card? What would you advise someone about their monthly payment when they carry a balance? What are the dangers of paying the minimum balance? How should a student choose a credit card? What are the criteria? How important is the APR and the annual fee? What should you do if you have a credit card and can't make the payment?

Class #8 Friday April 18th Your group should make a presentation to the class addressing the above issues. Your presentation should be polished and professional. You should decide how to allocate the information among your teammaters, and everyone should be an expert on the questions they address. You should rehearse individually and collectively.