Question
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Question 5 of 10
Why is it important to find a credit card with a lower APR?
☐ A lower APR means you have more time to pay off your balance.
יין
A lower APR gives you a better credit history.
A lower APR means you pay less in interest.
A lower APR impacts your grace period.
Question 5 of 10
Why is it important to find a credit card with a lower APR?
☐ A lower APR means you have more time to pay off your balance.
יין
A lower APR gives you a better credit history.
A lower APR means you pay less in interest.
A lower APR impacts your grace period.
Answers
GPT-4o mini
The most accurate answer to the question "Why is it important to find a credit card with a lower APR?" is:
☑️ A lower APR means you pay less in interest.
A lower Annual Percentage Rate (APR) reduces the amount of interest you will owe if you carry a balance on your credit card, making it more cost-effective to borrow.
☑️ A lower APR means you pay less in interest.
A lower Annual Percentage Rate (APR) reduces the amount of interest you will owe if you carry a balance on your credit card, making it more cost-effective to borrow.