Harriet pays her credit card bills in full whenever she can. Explain why a credit card that offers a 26% APR with an annual fee of $150 and 4% cash-back on all purchases is better for Harriet than a credit card that offers a 15% APR with an annual fee of $150 and 3% cash-back on all purchases?

Answer rating: 100% (QA)

Answer Even though the first credit card option offers a higher APR 26 compared to the second one 15 ... View the full answer