A credit card company is offering an annual percentage rate of 3.9 percent. However, the company fails to mention that this is an introductory rate, and when consumers receive their bills after six months the rate increases to 21.9 percent. The consumers feel their right to ____ has been abused.

Question

Quizplus · Accepted Answer

The consumers feel that their right to be informed has been abused, as the credit card company failed to mention that the 3.9 percent rate was only an introductory offer and that the rate would increase to 21.9 percent after six months.

A Credit Card Company Is Offering an Annual Percentage Rate