You are interested in getting a credit card. You are offered the following two options. A large national bank offers a credit card that costs $150 annually (as a fee), and has a borrowing interest rate of 12%.

Alternatively, a local bank offers a credit card with no annual fee, a borrowing interest rate of 14%, and a 2% rebate on all gasoline and grocery purchases.

What steps would you take to analyze your options? What data or other information would you need to choose an option?