Personal Finance Credit Card Assignment Part 1. Credit Card Principles Direction

Personal Finance Credit Card Assignment
Part 1. Credit Card Principles
Directions: Answer all questions below, using narrative examples and referring to specific principles. Your answers must be typed and your completed assignment must be submitted through Blackboard.
Readings:
Siegel, Principles 43-50 (pages 88-100)
Heather Long, The Washington Post:
https://www.washingtonpost.com/opinions/2023/03/08…
Beverly Harzog, US News & World Report
https://money.usnews.com/credit-cards/articles/sur…
Questions:
1) Discuss your personal views of debt and credit cards and compare your views with Siegel’s advice and what is stated in the Washington Post article. Refer to a minimum of three of the principles or points as you compare and contrast your perspectives with those in the readings.
2) In your opinion and based on the information shared in the Washington Post and US News articles, what factors do you think are contributing to the amount of credit card debt being accrued by college students? Discuss a minimum of two factors and reflect on what you perceive as the associated long-term repercussions of credit card debt.
3) Consider the 6 Credit Card Rules for College Students listed in the US News article. Which two rules do you think are most crucial to follow? Clearly describe why.
Part 2. Credit Card Analysis. Go to Personal Finance Credit Card Assignment – Part 2 and complete the associated blog.
Grading Rubric for Part I
Area/Effort
Low
Medium
High
Content Development and Use of Examples
Points:
25 (25.00%)
Points:
40 (40.00%)
Points:
50 (50.00%)
Follows Directions
Points:
12.5 (12.50%)
Points:
20 (20.00%)
Points:
25 (25.00%)
Grammar and Spelling
Points:
12.5 (12.50%)
Points:
20 (20.00%)
Points:
25 (25.00%)
part 2
Find a credit card application and include the link. Prior to posting, review the other credit cards listed and aim to find a card that is not already analyzed. Answer the following questions within the blog.
What is the credit card name and type (i.e., general, specific retail store, etc.)?
Summarize the terms and conditions of the credit card. (e.g., special introductory offer, annual fee, APR, rate changes over time, etc.).
In your opinion, what are two benefits and two drawbacks of signing up for this particular credit card?
Would you suggest that college students sign up for this particular credit card? Why or why not?