Answered step by step
Verified Expert Solution
Question
1 Approved Answer
How can you determine whether it is worthwhile to pay a higher APR for a credit card that offers you frequent flier miles for using
How can you determine whether it is worthwhile to pay a higher APR for a credit card that offers you frequent flier miles for using your credit card?
is always a good deal to get frequent flier miles.
If you do not ever keep a balance on your credit card, the miles are essentially free.
The miles are usually worth less than the additional cost of credit.
It is never worthwhile because frequent flier miles have no monetary value.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started