Question

Which of the following about credit cards is FALSE?

Credit cards have annual fees, merchant fees, and interest charges.
Credit card interest rates are usually similar to the interest rates for a line of credit.
Banks will often set the credit card’s APR at 0% as an introductory rate to attract customers.
Banks will offer different incentives for using their credit cards.

Answer 1

banks will often set the credit card's APR at 0% as an introductory rate to attract customers