Kenneth just received four credit card offers in the mail. He would like a credit card, but wants to keep the cost for borrowing as low as as possible. Based on APR, which credit card is best for Kenneth?
a. credit card A - 5% APR
b. credit card B - 15% APR
c. credit card C - 0% APR
d. credit card D - 7% APR
1 answer
Based on APR, the credit card with the lowest interest rate is credit card C, which has a 0% APR. Therefore, credit card C is the best option for Kenneth as it would keep the cost for borrowing as low as possible.