If you plan on using your credit card to carry a balance for more than a month or two, you should
A) use the store issued cards since they are easier to obtain.
B) shop around for the card that offers the most introductory points.
C) shop around to find the lowest interest rate card on the market before you make the purchases.
D) A, B and C are all correct.

Question

Quizplus · Accepted Answer

Carrying a balance for more than a month or two means you'll be paying interest on the amount you owe. Therefore, finding the credit card with the lowest interest rate will minimize the amount of interest you pay over time, making it the most financially prudent choice. Store-issued cards often have higher interest rates, and while introductory points can be appealing, they usually don't offset the cost of high interest rates if you're carrying a balance.

If You Plan on Using Your Credit Card to Carry