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Show all of the calculations and make any necessary comments as to how you would choose between the following types of credit cards for your own personal use.
Quick Bank Card: Interest rate 18.5 percent, no reward points, 25-day grace period, $10 000 limit.
Friendly Bank Card: Interest rate 19.5 percent, no rewards, free credit insurance,15-day grace period, $3500 limit.
Star Member Card: Interest rate 15 percent, 2 percent reward points, 15-day grace period, $150 annual fee, $5000 limit.
Stage 1 Card: Interest rate 17 percent, 2 percent reward points, 25-day grace period, $50 annual fee, $2000 limit.
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