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Introductory APRs can lower the total amount paid on a credit card balance, but what happens after the rate increases? Suppose you were trying to
Introductory APRs can lower the total amount paid on a credit card balance, but what happens after the rate increases? Suppose you were trying to decide between two credit card offers. One offers 0% APR for the first 6 months, then increases to 20%. The second offer has no introductory rate, but an ongoing 16% APR. Which is the better deal? What factors would you consider to make your decision?
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