Intro to Credit Cards Lesson - Credit vs Debit, Interest, Credit Scores & More!

Topics include credit card vocabulary, advantages and disadvantages of credit cards, credit vs debit cards, applications, disclosures including Schumer Boxes, and credit scores!

Complete one to two-day lesson includes Google Slides for easy instruction, guided notes for students, and five stations practice activities. Answer keys are included.

During the Google Slides presentation, students will learn:

• Common Credit Card Vocabulary: Interest, Grace Period, Balance, APR, and more
• Advantages and Disadvantages of Using Credit Cards
• Credit Cards vs Debit Cards
• Obtaining a Credit Card - Including filling out an application and reading disclosures and Schumer Boxes
• Credit Scores and Credit History

After the Slides presentation, students will rotate through 5 station activities that will help them apply and practice their knowledge.

Station Activities include:

• Credit vs Debit Card Sort
• Reading a Credit Report
• Filling out a Credit Card Application
• Estimating Credit Scores Using a Simulator
• Comparing Credit Card Disclosures to Choose the Best Card.

All materials for the stations are included, including the sample credit report, credit application, and credit card disclosures.

The Google Slides included in this lesson are not editable.

**You will need a Google Account with access to Google Slides to use this resource. You will also need at least one device with access to the internet for students to use with one of the stations.**

Other resources that may interest you:

Credit Card Comparison Personal Finance Research Activity

Understanding Your Credit Card Statement - Lesson and Scavenger Hunt Activity

Managing Your Money - Using a Spending Log, Paying Bills, and Writing Checks!