QuestionAugust 16, 2025

Why would the same credit card have two different interest rates, of 10.50% and 17.50% for two different adults? Due to their age Due to their APR Due to their rate of return Due to their creditworthiness

Why would the same credit card have two different interest rates, of 10.50% and 17.50% for two different adults? Due to their age Due to their APR Due to their rate of return Due to their creditworthiness
Why would the same credit card have two different interest rates, of
10.50%  and 17.50%  for two different adults?
Due to their age
Due to their APR
Due to their rate of return
Due to their creditworthiness

Solution
3.4(225 votes)

Answer

Due to their creditworthiness Explanation 1. Identify Factors Affecting Interest Rates Credit card interest rates are primarily influenced by the individual's creditworthiness, which is assessed based on their credit score and financial history. 2. Determine Relevant Factor Among the given options, creditworthiness directly affects the interest rate offered to different individuals for the same credit card.

Explanation

1. Identify Factors Affecting Interest Rates<br /> Credit card interest rates are primarily influenced by the individual's creditworthiness, which is assessed based on their credit score and financial history.<br /><br />2. Determine Relevant Factor<br /> Among the given options, creditworthiness directly affects the interest rate offered to different individuals for the same credit card.
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