Question

Which of the following can increase your credit card's APR?
A) Missing a credit card payment.
B) Paying off the full balance.
C) Cashing in on rewards points.
D) Paying the minimum.

Answer 1

❤❤Heyy mate ❤❤

Here's your Answer.....

Option B.. Paying off the full balance.
✔✔✔

Answer 2

APR means adjusted annual percentage rates.  Most credit card are issued with APR. It is a fee one has to  pay for borrowing money from a financial institution.This means the rate can go up or down during the time till the loan is open.

The financial institution  cannot suddenly raise or lower  APR without proper notification. The only exception being in case of default in making payment  at which point the Penalty APR kicks in.The credit score will also drop if one  misses a monthly payment.