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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 Massachusetts. Use the filters to change the location, set of standards, and grade level.

Standards
Defined by Personal Financial Literacy 9th-12th Grades and align with Credit Cards
HSS.PFL.T3.1: Recognize that a credit card purchase is a type of loan from the financial institution that issued the credit card, that financial institutions may charge a fee for credit card use, and that credit card interest rates tend to be higher than those for other types of loans.
HSS.PFL.T3.2: Explain why some banks offer credit at low introductory rates that increase when a consumer makes a late payment or misses a payment.
HSS.ECON.T6.5: Compare and contrast credit, savings, and investment services available to the consumer from financial institutions.
HSS.PFL.T1.5: Give examples of ways people can pay for goods, services, or charitable donations (e.g., cash, credit or debit card, check, mobile phone payment, layaway plan, rent-to-own) and analyze the costs and benefits of each method of payment.
HSS.PFL.T3.5: Explain a consumer's rights for full disclosure of credit terms for a loan and for a free copy of his or her own credit report so that the consumer can verify it.