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Suppose you have offers from three credit card companies. Company A offers a fixed APR of 12% and has an annual fee of $60. Company B has no annual fee and offers an introductory rate of 9% but it rises to 18% after the first 3 months. Company C offers fixed APR of 15% percent with an annual fee of $30. If you pay off your balance each month, which offer is best for you?

APR: (annual percentage rate) the length of the loan and how often you make payments.

Respuesta :

If you pay off your balance each month, APR does not matter. ans is B.

APR affects if you do not pay off your balance. If you do, then the best offer is the card with lowest annual fee. So it is Company B.


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