Answered

Why is it important to compare the APR for credit cards?


a:to find the lowest payment

b:to find the lowest interest rate

c:to find the additional fees

d:to find the grace period

Verified Answer :

I believe it's C, but I'm not 100% sure. I'm not very knowledgeable about credit cards lol.

scouteo

The correct answer is B) to know the lowest interest payment.

It is important to compare the APR for credit cards to know the lowest interest payment.

APR stands for Annual Percentage Rate. This is the interest rate that Banks charges to its clients who have credit cards. It is a yearly rate that the client must pay. It is very important for people to compare the APR for credit cards to know the lowest interest payment. This way they know the amount of interest the bank is going to charge. That is why is suggested to pay the balance in full every month.


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