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Answered

Why is it important to know the interest rate on your credit card?


The higher the interest rate, the more money you will be paying back

The higher the interest rate, the less money you will be paying back

The lower the interest rate, the more credit you can open

The lower the interest rate, the more money you can spend

Verified Answer :

mecj2003

The higher the interest rate, the more money you will pay back from using their credit card.

Emmywoods

Answer: The higher the interest rate, the more money you will be paying back

Explanation:

It is important to know the interest rate on your credit card, that way you know how much you are capable of paying back without losing by working harder to repay the interest capped on your credit card. Hence, with low interest rate the tendency of paying back is faster.

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