Question
Why is it important to find a credit card with a lower APR?(1 point) Responses A lower APR impacts your grace period. A lower APR impacts your grace period. A lower APR means you have more time to pay off your balance. A lower APR means you have more time to pay off your balance. A lower APR means you pay less in interest. A lower APR means you pay less in interest. A lower APR gives you a better credit history.
Answers
GPT-4o mini
The most accurate response is: **A lower APR means you pay less in interest.**
This is important because, if you carry a balance on your credit card, a lower annual percentage rate (APR) will result in lower interest charges, which can save you money over time.
This is important because, if you carry a balance on your credit card, a lower annual percentage rate (APR) will result in lower interest charges, which can save you money over time.