Question

3. If you were looking to get a new credit card, which features would be most...

3. If you were looking to get a new credit card, which features would be most important for you to pay attention to? What would you want to make sure to avoid?

Homework Answers

Answer #1

If I am trying to get a new credit card the features I would be looking to-

A. I would be ascertaining the credit limit associated with the credit card.

B. Expert ratings of the credit card should also be checked into.

C. Rate of which are to be paid on this credit card also should be within my range.

D.regular charges of these credit cards and grace period associated with these credit cards are also to be factored into.

E. Interest free period of these credit cards are checked into.

I would be liking to avoid -

A. Taking out any kind of cash advances.

B. I would try to avoid missing out my regular monthly payments

C I would be trying to avoid the neglection of analysis of the billing statement.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
If you were a college student, would you apply for a credit card, debit card or...
If you were a college student, would you apply for a credit card, debit card or a pre-paid card and why?
Upon reading your most recent credit card statement, you are shocked to learn that the balance...
Upon reading your most recent credit card statement, you are shocked to learn that the balance owed on your purchases is $4,000. Resolving to get out of debt once and for all, you decide not to charge any more purchases and to make regular monthly payments until the balance is zero. Assuming that the bank’s credit card annual interest rate is 19.5 percent and the most you can afford to pay each month is $350, how long will it take...
.Assume you have a balance of $6,400 on your credit card that you want to pay...
.Assume you have a balance of $6,400 on your credit card that you want to pay off. Calculate your monthly payment and total payment under the given conditions. Assume you make no additional charges to the card. 2) The credit card APR is 24 % and you want to pay off the balance in 3 years.
3. Suppose that on January 1 you have a balance of ​$3200 on a credit card...
3. Suppose that on January 1 you have a balance of ​$3200 on a credit card whose APR is 19​%, which you want to pay off in 11year. Assume that you make no additional charges to the card after January 1. a. Calculate your monthly payments. b. When the card is paid​ off, how much will you have paid since January​ 1? c. What percentage of your total payment from part​ (b) is​ interest?
You have $4,500 on a credit card that charges a 21% interest rate. If you want...
You have $4,500 on a credit card that charges a 21% interest rate. If you want to pay off the credit card in 5 years, how much will you need to pay each month (assuming you don't charge anything new to the card)?
you have a balance on your credit card of $2,500. the apr for the credit card...
you have a balance on your credit card of $2,500. the apr for the credit card is 22.5%. in the first month you have a payment of $400 and make purchases of $600 using the card. in the second month, you make a payment of $500 to refuce the new balance and you also make purchases of $300 using the card. what is the new balance for months 1 and 2.
Assume you have a balance of 4,800 on your credit card that you want to pay...
Assume you have a balance of 4,800 on your credit card that you want to pay off. Calculate your monthly payment and total payment under the given conditions. The credit card APR is 23% and you want to pay off the balance in 3 years.
"First, think twice before you add that purchase to your credit card. If you charged your...
"First, think twice before you add that purchase to your credit card. If you charged your $2500 spring break trip to your credit card or if you and your spouse just splurged for a $2500 flat-screen television and charged it to your credit card, at 18% interest it would take you 34 years and six months to pay it off if you paid a 2% minimum balance and never charged another penny to your credit card." Set-up an amortization table...
You have a credit card with an APR of 16%, compounded monthly, that has a balance...
You have a credit card with an APR of 16%, compounded monthly, that has a balance of $7,000. You want to transfer this balance to a different card with an APR of 14.5%, compounded monthly. Assuming that you will make the minimum payments of $150 per month for either card, what transfer fee would make you ambivalent between transferring or not? PV= FV= PMT= N= I/Y=
If you were looking to invest money and you could get simple interest or compound interest...
If you were looking to invest money and you could get simple interest or compound interest and both investments had the same risk, which would you chose?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT