Credit card and Checking account comparison
compare two financial services in two banks. The first is the credit card service in Two Qatari Banks which are QIB and QNB. The second Financial service is Checking account in those two banks. You will compare them based on some criteria I’ll provide it to you in a table. You need to fill out the table first then you can compare them in two to three paragraphs.
Lastly, I want you to mention which bank offers the best financial service in terms of credit card and checking account to a student. and why did you choose them.
This is a personal finance class, and the instructor wants to know if we know about the differences in banks offers and why are some of them is good and others are bad.
These are the Instructions of this case study:
Using savings plans, checking accounts, and other financial services is a primary personal financial planning activity. Financial products such as savings plans and checking accounts are used for managing daily financial activities. Commercial banks and Investments banks may be compared on the basis of services offered, rates and fees, safety, convenience, and special programs available to customers. Regular checking accounts, activity accounts, and interest-earning checking accounts can be compared with regard to restrictions (such as a minimum balance), fees and charges, interest, and special services. Student will be able to demonstrate how these services are offered among banks.
Students are instructed to follow the path shown below to compare financial services for the selected banks via DSM.
Go to Qatar stock exchange website: www.qe.com.qa
From the menu, click on the Trading companies
Choose two banks and then visit the banks web sites
Compare the credit card offers by completing the chart below to describe key features of each.
Compare the Checking accounts by completing the chart below to describe key features of each
Write a one-page (1.5 space, double between paragraphs, maximum 1500 words ) paper summarizing what you learned by comparing the credit cards and the checking account then mention which credit card offer and checking account are the best for you and why.
Financial Services FeaturesCredit Card Checking account
Bank 1Bank 2Bank 1Bank 2
APR (annual percentage rate): Is it fixed or variable?
Transaction fees (balance transfers, deposits, withdrawal etc.)
Penalty if money drops below the minimum balance