Lesson 3: Exploring the Credit Card Jungle

Question One

You’re trying to decide between two credit card offers. One offers a $30 gift card to your favorite store and periodic discounts with a high interest rate and an annual fee. The other advertises a low interest rate and no annual fee. You:

Answer A: Go with the gift card. Who are you to turn down free money?Answer B: Choose the low interest rate. Lower is better, right?