Comparing Credit and Debit Cards Download this Word file to your computer. Open the file and type your answers below each question but do not delete the original question. Save the Word file with your answers then upload your file to Canvas using the assignment link. The purpose of this assignment is to make you aware of different credit and debit options plus their advantages and disadvantages. Neither Florida State University nor your instructor are attempting to influence your choices or promote a specific company or product. This assignment is for educational purposes only. For this assignment, you will review five web sites. Your answers will be graded according to effort and thoughtful analysis. One-sentence answers are insufficient for full credit. Step 1 of 2 For questions 1 through 5, review the web sites for Visa, Mastercard, Discover, American Express, and Fizz. These “about” pages describe the company, its goals, and their mission. 1. What is an appealing attribute or characteristic of Visa? Why do you consider it to be appealing? https://usa.visa.com/about-visa.html 2. What is an appealing attribute or characteristic of Mastercard? Why do you consider it to be appealing? https://www.mastercard.us/en-us/vision/who-we-are.html 3. What is an appealing attribute or characteristic of Discover? Why do you consider it to be appealing? https://www.discover.com/company/?ICMPGN=PUB_FTR_ABOUT_ABTDISC 4. What is an appealing attribute or characteristic of American Express? Why do you consider it to be appealing? https://www.americanexpress.com/en-us/company/who-we-are/ 5. What is an appealing attribute or characteristic of Fizz? Why do you consider it to be appealing? https://joinfizz.com/about Step 2 of 2 Please note one important distinction between Visa and Mastercard relative to the other three companies. They are payment processors only; you cannot obtain a credit card directly from either one. You have to apply to a financial institution for the actual card that uses Visa or Mastercard as the processor. For questions 6 through 10, review other pages on the company web sites for terms and conditions of their services. These companies offer lots of products and services so we’ll select one from each to narrow the parameters of the assignment. You can investigate others outside of this assignment. 6. For Visa, you’ll investigate the Chase Freedom Unlimited®. From the following site, click on the apply link to see details (but don’t actually apply for the card). Identify one advantage and one disadvantage of a Visa card. Explain why you identify each as an advantage and disadvantage. https://usa.visa.com/pay-with-visa/find-card/apply-credit-card/traditional 7. For Mastercard, you’ll investigate the Capital One Quicksilver Student Cash Rewards Credit Card. From the following site, click on the apply link to see details (but don’t actually apply for the card). Select “View important rates and disclosures.” Identify one advantage and one disadvantage of a Mastercard card. Explain why you identify each as an advantage and disadvantage. https://www.mastercard.us/categories/students/ 8. For Discover, you’ll investigate the Discover it® Student Cash Back Credit Card. From the following site, click on the apply link to see details (but don’t actually apply for the card). Carefully read the “Important Information” section. Identify one advantage and one disadvantage of a Discover card. Explain why you identify each as an advantage and disadvantage. https://www.discover.com/credit-cards/student-credit-card/itcard.html?ICMPGN=SUBNAV_CCP_STUDENT_IT 9. For American Express, you’ll investigate the Blue Cash Everyday® Card. From the following site, click on the “Rates and Fees” link to see details (but don’t actually apply for the card). Identify one advantage and one disadvantage of an American Express card. Explain why you identify each as an advantage and disadvantage. https://www.americanexpress.com/us/credit-cards/card/blue-casheveryday/?eep=25330