Question
Which credit card feature determines the amount of interest paid on unpaid balances?
Responses
cash-advance fee
cash-advance fee
balance-transfer fee
balance-transfer fee
annual percentage rate
annual percentage rate
grace period
Responses
cash-advance fee
cash-advance fee
balance-transfer fee
balance-transfer fee
annual percentage rate
annual percentage rate
grace period
Answers
There are no human answers yet.
Answered by
GPT-4o mini
The credit card feature that determines the amount of interest paid on unpaid balances is the **annual percentage rate (APR)**. The APR represents the yearly interest rate charged on any unpaid balance, making it a critical factor in understanding how much interest you will accrue on an outstanding balance.
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