Question

Jerome has three major credit cards and makes payments on them each month. he has had one of them for six​ years, another for three​ years, and the last for eleven months. making just the minimum payment has become automatic at this​ point, and jerome barely even looks at the statements. jerome is beginning to think that his approach to credit may be​ faulty, and he wants to find out how to adjust it. he just applied for two additional credit cards.

Answer 1

The correct answer is "The APR on the unpaid balance".

Jerome should give an importance to the APR on his unpaid balance, since he just applied for two more credit card, while he already has three. If he plans to apply for two more, he should give attention to the unpaid balances, because the APR may increase due to his missed payments, which will also result into an increase of payments of his credit cards.