# CTE Resource Center - Verso - Independent Living Task 871652964

CTE Resource Center - Verso

Virginia’s CTE Resource Center

Evaluate credit cards.


Evaluation should include
  • information required on credit card applications
  • benefits and costs of consumer credit
  • sources of consumer credit
  • the terms and conditions of credit cards
  • annual percentage rates (APR)
  • annual fees
  • late-payment penalties
  • allowable maximum balances
  • promotional incentives (e.g., magazine subscriptions, coupon books, flyer miles, purchase protection plans).

Process/Skill Questions

  • What is credit?
  • What are the advantages and disadvantages of consumer credit?
  • What are important safety tips you should follow when using a credit card?
  • What does your credit history communicate about you?
  • What promotional incentives do credit card companies offer to entice consumers?
  • Why is it important to read and understand the terms and conditions of various credit cards?
  • What is a co-signer? In what situation is a co-signer typically required?
  • What is the co-signer's risk?
  • What are some ways you can begin to establish good credit?
  • How does your credit history affect your future goals?
  • What would you do if you received a credit card offer in the mail when you turned 18 years old? Would you apply for it because you think it would be beneficial to you, or would you refuse the card because you think it would be bad for you?
  • When some individuals cannot afford to pay the entire amount, some credit cards allow them to just pay the minimum balance on their credit card. How does paying only the minimum balance get people into trouble?
  • What consequences may result if a person does not use credit responsibly?

Related Standards of Learning



The student will compare and order real numbers.


The student will solve practical problems involving consumer applications.

Other Related Standards

FCCLA: STAR Events (2019)

Event Management


National Programs in Action


Professional Presentation


Public Policy Advocate


National Standards for Family and Consumer Sciences Education


Analyze how individuals and families make choices to satisfy needs and wants.


Apply skills to seek information regarding consumer rights.


Assess the use of technology and its effect on quality of life.


Analyze the use of resources in making choices that satisfy needs and wants of individuals and families and communities.


Analyze practices that allow families to maintain economic self-sufficiency.


Analyze economic effects of laws and regulations that pertain to consumers and providers of services.


Apply strategies to reduce the risk of consumer fraud.


Analyze the effect of consumer credit on short- and long-term financial planning.


Analyze factors that influence establishing and maintaining a good credit rating and the effect of credit ratings on rates and terms for credit and insurance.