Question

@countonme123 @jim_thompson5910 @ganeshie8 @Grazes @Jonathan_James_Keeney
@UsukiDoll

Answer 1

Credit card A offers an introductory APR of 4.1% for the first 3 months and a standard APR of 18.5% thereafter, while credit card B offers an introductory APR of 3.7% for the first 3 months and a standard APR of 18.9% thereafter. All else being equal, which of these statements is correct? (Assume all interest is compounded monthly.)

A. Credit card B is the better deal over the course of the first 3 months and over the course of the first year.
B. Credit card B is the better deal over the course of the first 3 months, but credit card A is the better deal over the course of the first year.
C. Credit card A is the better deal over the course of the first 3 months and over the course of the first year.
D. Credit card A is the better deal over the course of the first 3 months, but credit card B is the better deal over the course of the first year.

Answer 2

I like the apr of 3.7, and then after 18.5. The lower the rate especially for credit cards the better.

Answer 3

so a

Answer 4

B

Answer 5

credit card B has 3. 7 intro rate and after credit card A has 18.5% which is slightly lower than what credit card B has