Question

The annual percentage rate on a credit card determines _______. Athe amount of interest you are charged on credit card purchases Bthe amount your credit limit can go up within a year Chow many credit cards you can own DNone of the above

Answer 1

The answer is (a.) The amount of interest you are charged on credit card purchases

The Annual Percentage Rate or APR on your credit card is determined by the interest you made from your purchases for the whole year. APR includes other fees and additional costs.

Answer 2

The answer is (The amount of interest you are charged on credit card purchases .)