Respuesta :
The question above has multiple answers as follows;
a. Low APR
b. Low balance transfer fee
c. Lots of credit card rewards
The best answer to this question is A. Low APR. Lots of credit card rewards would also be a good option but Low APR is really what you should look for. It is always wise to avoid carrying balances on your credit cards. However, as much you would like to, it is sometimes impossible to avoid carrying credit card balances. For those who have a habit of carrying large balances on their credit card from month to month should consider low APR credit card options. Low APR does not accrue interest as rapidly as it could.
d. A large credit limit
Answer:
The correct option to carry a large balance on the credit card is Low APR.
Further Explanation:
Annual Percentage Rate (APR): The annual percentage rate is the annual rate that is charged by the bank/organization on credit balance. For large credit balance, the annual percentage rate should be minimum so that minimal interest should be charged by the bank or any organization.
It is calculated by the periodic interest rate by the number of months in a year.
Most of the people thinks that interest rate and Annual Percentage Rate(APR) are same thing but actually they are different if you are taking a loan.
APR is different from interest rate since it includes fees that one may pay to take out the loan.
Sometimes, it is not possible to avoid carrying limits on credit card. At that time, low annual percentage rate plays a vital role to reduce the extra amount.
Learn more:
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4. Consequences of non-payment of monthly credit card payment
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Answer details:
- Grade: Senior Secondary School
- Subject: Accounts
- Chapter: Economy
Keyword:
Bank, credit card, low balance, limit, annual percentage rate, interest rate, large balance, carry, features, credit limit rewards, large credit limits, EMI, loan
