You are trying to plan a trip for this upcoming Spring Break!You are planning to go away for one week. However, you do not want to waste your own money purchasing your flight tickets and are hoping to find the best travel credit card there is in the market. ( You would like to purchase your flight using miles or points.)
1. Conduct research on travel credit cards and rank the top 3 you consider to be the best. Make sure to include what advantages they include and the criteria you used to rank them 1,2, and 3.
2. What is the APR ( Annual Percentage Rate) range for each credit card selected?
3.Let’s assume you used the credit card for your accommodation, food, and other miscellaneous expenses. Estimate how much money you would charge on the credit card on all of your expenses.
4.Explain how much interest you would have to pay for each credit card if you do not pay the amount owed in full after one month. Do your calculations change your ranking for the first question?
5.What will happen if you begin to only make the minimum payments for the credit cards selected?
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