Based solely on the Annual Percentage Rate (APR), the best credit card for Kenneth is Credit Card C – 0% APR. This means there would be no cost for borrowing as long as he pays off the balance before any promotional period ends (if there is one).
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 possible. Based only on APR, which credit card is best for Kenneth? (1 point)
Responses
Credit Card A – 5% APR
Credit Card A – 5% APR
Credit Card B – 15% APR
Credit Card B – 15% APR
Credit Card C – 0% APR
Credit Card C – 0% APR
Credit Card D – 7% APR
1 answer
1 answer