LESSON
PRACTICAL SKILLS
Read a credit card
application
7
GET READY
Ben’s brother Abe receives an offer to get a new credit card in the mail. He fills out the credit
card application and mails it back. Have you ever filled out a credit card application?
PRACTICAL READING
A
Read Abe’s credit card application. What can happen if Abe doesn’t make a payment by
the due date on his credit card billing statement?
American Bank of Long Beach: Credit Card Application Form
Cardholder Information
Name (Last, First, Middle)
Ramírez, Abe
Cardholder’s Work and Financial Information
Bank Accounts
Disclosures
Birth date (MM/DD/YYYY)
05/20/1988
Employer’s Name
Project Inc.
Position
Sales Coordinator
Address (Street No., Street, Suite No., City, State, Zip)
100 Penn Blvd., Long Beach, CA 90805
Gross Annual Income ($)
55,000
Bank Name
CaliBank
Type of Account
Checking
Account Number
89-97634211
Other Income ($)
6,000
Sources of Other Income
Home-based Internet Sales Business
Work Phone
714-555-5555
Years/Months at this job
4 years 2 months
Home Address (Street No., Street, Apartment No., City, State)
3438 Beachfront Way, Apt 201 Long Beach, CA
Home Phone
424-555-1234
Do you own a home?
Yes ____ No ____
Mortgage payment?
Yes ____ No ____
Renting?
Yes ____ No ____
Other ___________
Do you own a car?
Yes ____ No ____
Financed?
Yes ____ No ____
Education
___ High School
___ College Graduate
___ Postgraduate
___ Doctorate
Cell Phone
424-555-5555
Email Address
Zip Code
90805
Place of Birth
Whittier, CA
Mother’s Maiden Name
González
Social Security Number
555-12-1234
Name to appear on Card (20 letter maximum)
Abe Ramírez
Bank Name
CaliBank
Type of Account
Savings
Account Number
89-97634200
Summary of Account Terms
Annual Percentage Rate for Purchases
Cash Advance APR
Your annual percentage rate may vary monthly.
Grace Period
Annual Membership Fee
Cash Advance Fee
Late Payment Fee
7.24% to 21.24% variable; default APR 31.74%
22.99% variable
Your annual percentage rate may vary monthly.
20–25 days for purchases only
$24.00
4.00% of the transaction amount. $10.00 minimum
Balance up to $200.00
Balance of $201.00 and more
$27.00
$39.00
98
UNIT 7
