Below is a Schumer box comparison of two credit cards.
Credit card A Credit card B
Annual Percentage Rate (APR)
\[16.99\%\]
\[12.99\%\]
Grace period
\[28\] days
\[31\] days
Balance transfer fee
\[3\%\] of the amount transferred
\[2\%\] of the amount transferred
Late fee
\[\$20\]
\[\$30\]
Foreign transaction fee
\[\$0\]
\[\$1.00\] per transaction
Emmanuel is looking to move the balance from his current card to a new credit card. His concern is the lowest cost for this type of transaction.
Which credit card is the best choice for Emmanuel?
Choose 1 answer:
Choose 1 answer:
(Choice A) credit card A
A
credit card A
(Choice B) credit card B
B
credit card B
1 answer
The best choice for Emmanuel would be credit card A, as it has a lower balance transfer fee of 3% compared to credit card B's 2%.
1 answer