Interest rates on credit cards are

Question

Quizplus · Accepted Answer

Interest rates on credit cards can be either fixed or variable, or a combination of both. A fixed interest rate remains the same throughout the life of the card, while a variable interest rate can change based on market conditions or other factors. Some credit cards may offer a fixed introductory rate that changes to a variable rate after a certain period of time. Therefore, both fixed and variable interest rates can be found on credit cards, making option C the correct choice.

Interest Rates on Credit Cards Are