Your Credit Card Company Cannot Increase Your Rate for the First

question 157

Multiple Choice

Your credit card company cannot increase your rate for the first 12 months after you open an account unless

• A)your card has a fixed interest rate tied to an index and the index goes down.
• B)your card's introductory rate expires and your rate reverts to the "go-to" rate the company disclosed when you got the card.
• C)you are more than 15 days late in paying your bill.
• D)all of the above.

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Definitions:

Newly Invented

Products, services, or concepts that have been created or developed for the first time, introducing new possibilities or solutions.

Market Research

The act of acquiring, analyzing, and making sense of data pertaining to a market, involving details about possible customers and rivals.

Exploratory Research

A research approach aimed at gaining insights and understanding of a problem or situation that is not well defined.

Preliminary Information

Early data or knowledge gathered at the initial stage of a research or project.