As part of their unit on credit cards, seniors in Dassi Silverman’s personal finance class learned about the Schumer Box and how it makes the terms of a credit card clearer for consumers. Students were given promotional mail circulars from credit cards and had to fill in a chart with the APR for purchases, balance transfers, cash advances, grace period, rewards and fees on the different cards. The students then compared the offers and deliberated on the best card for their needs.
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