William uses his bank credit card frequently; however, he always pays off the total outstanding balance on the card each month. What should William look for in a credit card given the way he uses one?
A) A low annual fee and a long grace period
B) A low annual fee and a low interest rate
C) No annual fee and a long grace period
D) No annual fee and a low interest rate
E) A high annual fee and a low interest rate

Question

Quizplus · Accepted Answer

Since William pays off his balance each month, he doesn't need to worry about interest rates. Therefore, a card with no annual fee and a long grace period would be most beneficial for him, allowing him more time to pay off his balance without incurring any fees.

William Uses His Bank Credit Card Frequently; However, He Always