After the Introductory Period, All Consumers Who Have This Platinum Card Will?
After the introductory period, consumers with the Platinum Card will qualify for an A.P.R. based on their creditworthiness, meaning their interest rate will depend on their financial situation.
by Sai V
Published Oct 25, 2023 | Updated Oct 25, 2023 | ๐ 1 min read
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After the Introductory Period, All Consumers Who Have This Platinum Card Will?
a. Pay the same A.P.R.
b. Qualify for an A.P.R. based on their creditworthiness
C. Pay the Penalty A.P.R. of 30.24%
d. Be charged an Annual Fee
The correct answer is
B. Qualify for an A.P.R. based on their creditworthiness.
This conclusion is drawn from the statement that "After the introductory period, the customers are charged with the APR, which is usually less than the introductory rate." It implies that after the introductory period, consumers' APR is determined based on their creditworthiness, indicating that the rate can vary for different cardholders based on their financial ability to pay.
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