Rank the credit cards from best to worst from a borrower's perspective based on the APR:

Question

Credit Card A – 10% APR
Credit Card B – 12% APR
Credit Card C – 7% APR
Credit Card D – 35% APR
(1 point)
Responses

Credit Card C, Credit Card A, Credit Card B, and Credit Card D
Credit Card C, Credit Card A, Credit Card B, and Credit Card D

Credit Card D, Credit Card B, Credit Card A, and Credit Card C
Credit Card D, Credit Card B, Credit Card A, and Credit Card C

Credit Card B, Credit Card C, Credit Card D, and Credit Card A
Credit Card B, Credit Card C, Credit Card D, and Credit Card A

Credit Card A, Credit Card B, Credit Card C, and Credit Card D

Answer 1

From a borrower's perspective, credit cards with lower APRs are more favorable because they result in lower interest costs on borrowed amounts. Based on the APRs provided, the ranking from best to worst is:

1. Credit Card C – 7% APR
2. Credit Card A – 10% APR
3. Credit Card B – 12% APR
4. Credit Card D – 35% APR

Thus, the correct response is:

Credit Card C, Credit Card A, Credit Card B, and Credit Card D.