1
AssignmentMultiple Choice

The Cost of Credit

Question 1 • Personal Finance - EL3403

Why is credit card A the better option?

Answer
A
It has the highest interest rate, but the lowest annual fee.
B
It has the lowest interest rate and annual fee after the first year.
C
It has the lowest interest rate for the first year and no annual fee.
D
It has the lowest annual fee for the first year and the lowest interest rate.
Why is credit card A the better option?