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 grace period
B)A low annual fee and a low interest rate
C)No annual fee and a 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 avoids interest charges, making the interest rate less relevant. Therefore, a card with no annual fee and a grace period, allowing him to avoid both annual costs and interest on purchases, is most beneficial.

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