Solved

Show All of the Calculations and Make Any Necessary Comments

Question 129

Essay

Show all of the calculations and make any necessary comments as to how you would choose between the following types of credit cards for your own personal use.
Quick Bank Card: Interest rate 18.5 percent, no reward points, 25-day grace period, $10 000 limit.
Friendly Bank Card: Interest rate 19.5 percent, no rewards, free credit insurance,15-day grace period, $3500 limit.
Star Member Card: Interest rate 15 percent, 2 percent reward points, 15-day grace period, $150 annual fee, $5000 limit.
Stage 1 Card: Interest rate 17 percent, 2 percent reward points, 25-day grace period, $50 annual fee, $2000 limit.

Correct Answer:

verifed

Verified

Students will likely do the correct inte...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents