Question

Tom has two credit cards and is planning on purchasing a racing bicycle that will cost $450. If Tom charges the bike to one of his credit cards, which card will take the longest to pay off if he only makes the minimum payments?

Card A: APR 16%, annual fee: $40
Card B: APR 21%, annual fee: $35

Select the best answer from the choices provided.

Card A because it has a lower APR
Card A because it has a higher annual fee
Card B because it has a higher APR
Card B because it has a lower annual fee