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What does the annual percentage rate on a credit card determine?

a) the amount of interest you are charged on credit card purchases
b) the amount your credit limit can go up within a year
c) how many credit cards you can own
d) none of the above

I'm almost completely sure it's A, but I just want to check. Thank you!

User MartinL
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1 Answer

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This is a trick question. it's technically D.

APR determines the amount of interest you are charged if you do not pay your bill in full each month.
User Bumpbump
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