See all 9th-12th Grades Standards
Credit Cards

Credit Cards

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Here's how Credit Cards aligns with curriculum standards in Connecticut. Use the filters to change the location, set of standards, and grade level.

Financial Literacy Standards

9.4: Managing Credit

12.1: Borrowers can compare the cost of credit using the Annual Percentage Rate (APR) and other terms in the loan or credit card contract.

Standards
Defined by Standards for Personal Finance: NGPF 9th-12th Grades and align with Credit Cards
12.1.a: Describe how credit card grace periods, methods of interest calculation, and fees affect borrowing costs.
12.1.b: Compare the cost of borrowing $1,000 using consumer credit options that differ in rates and fees.

12.2: Loans that are secured by collateral have lower interest rates than unsecured loans because they are less risky to lenders.

Standards
Defined by Standards for Personal Finance: NGPF 9th-12th Grades and align with Credit Cards
12.2.a: Give examples of unsecured and secured loans.

12.8: A credit score is a numeric rating that assesses a person's credit risk based on information in their credit report.

Standards
Defined by Standards for Personal Finance: NGPF 9th-12th Grades and align with Credit Cards
12.8.c: Recommend ways that a person can increase their credit score.

12.12: Consumer credit protection laws govern disclosure of credit terms, discrimination in borrowing, and debt collection practices.

Standards
Defined by Standards for Personal Finance: NGPF 9th-12th Grades and align with Credit Cards
12.12.a: Explain the rationale behind laws that require people to have access to full information about credit cards and loans before they borrow money.