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Credit Cards

Credit Cards

Article • 15 min of learning
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Here's how Credit Cards aligns with curriculum standards in Oklahoma. Use the filters to change the location, set of standards, and grade level.

PFL.7: The student will identify the process and analyze the responsibilities of borrowing money.

PFL 7.3: Describe the process of borrowing money.

Standards
Defined by Personal Financial Literacy 7th-12th Grades and align with Credit Cards
B: Explain how the terms of borrowing (e.g., interest rates, APR, fees, repayment schedules, terms, and conditions) affect the cost of borrowing.
C: Compare types of credit, including revolving and installment credit, and collateralized loans versus unsecured loans.

PFL.8: The student will describe and explain interest, credit cards, and online commerce.

PFL 8.1: Evaluate the costs and benefits of using credit cards for purchasing goods and services.

Standards
Defined by Personal Financial Literacy 7th-12th Grades and align with Credit Cards
A: Explain how interest rates and fees impact the cost of using credit cards.
B: Describe options for payment on credit cards, such as minimum payment, delayed payment, and payment in full.