Witch credit card is the best one?
Credit card A offers an introductory APR of 7.6% for the first 3 months and a standard APR of 23.4% thereafter, while credit card B offers an introductory APR of 7.9% for the first 3 months and a standard APR of 22.9% thereafter. (Assume all interest is compounded monthly.)

Question

Witch credit card is the best one?
 Credit card A offers an introductory APR of 7.6% for the first 3 months and a standard APR of 23.4% thereafter, while credit card B offers an introductory APR of 7.9% for the first 3 months and a standard APR of 22.9% thereafter.  (Assume all interest is compounded monthly.)

tkhunny · Answer

Insufficient information.

1) Over what time period?  3 months?  Clearly A.  6 months?  Harder.  60 months?  Leaning toward B

2) Under what circumstances does the "Normal" rate kick in?  Automatically at the end fo three months?  Only if you make a late payment?