Problem 6-6 Comparing the Costs of Credit Cards [LO2] Bobby is trying to decide between two credit cards. One has no annual fee and an 21 percent interest rate, and the other has a $40 annual fee and an 8.2 percent interest rate. a. If Bobby pays his credit card balance in full each month, which card should he choose? He should most likely select the card with the lowest interest rate. He should select the card without the annual fee. b. If Bobby just pays the minimum payment and carries a balance from one month to the next, which card should he choose? He should select the card without the annual fee. He should most likely select the card with the lowest interest rate