Black Cards and Banking

Abstract

Cecilia and Luke were recently married and were beginning to build a life together. Although they were complete opposites, they had been able to work through their differences and have a good relationship.Luke was a musician who did not have a day job. Although his music was able to provide him with an income, it was not steady or reliable. Cecilia, on the other hand, had a steady job working as a marketing manager for a baby formula company. While Cecilia had never had a credit card, Luke had in the past, but had abused it through impulsive spending habits and irresponsibility in paying his bill on time. After paying exorbitant late and overdraft fees, he had finally paid off the balance in full and opted the cancel the credit card altogether. Now that Cecilia and Luke had decided it was time to build a life together financially, they began looking into different types of credit cards and bank accounts in order to decide which options would be best for them. Excerpt UVA-F-1870 May 20, 2019 Black Cards and Banking Introduction “Need a warm-up?” The scent of fresh coffee drifted over from the pot in the waitress's hand. “Sure,” said Luke, “and when you can, please bring us the check.” As the couple shared what would be their final cups of coffee in the diner, Cecilia noticed that she only had a $10 bill in her purse. “How much cash do you have? With the tip, I think we might be a bit short. I used to be a waitress, and I hate not tipping adequately.” . . .