Question

Which is a desirable characteristic to look for when choosing a credit card? no grace period low down payment no annual fee high interest rate

Answer 1

the answer is: Annual fee

Annual fee refers to the amount of money that must be paid by credit card holder each year even if the credit card is not being used.

In united states, credit card company could impose their own annual fees anywhere between $25 to $500. The amount is pretty big for users in lower income bracket. This is why no annual fees is seen as a desirable characteristic.

Answer 2

The best choice is no annual fee