Which of these items is NOT important to consider when selecting a credit card?

A. The look of the credit card

B. Annual Percentage Rate (APR)

C. Credit limit

D. Penalties and Fees

Answer:

When selecting a credit card, the look of the credit card is not important, unlike factors such as the APR, credit limit, and penalties and fees which directly impact the cost and terms of borrowing.

Explanation:

When selecting a credit card, several factors are crucial to consider such as the Annual Percentage Rate (APR), credit limit, and penalties and fees. The APR represents the cost of borrowing money on the credit card, and it typically ranges from 12% to 18% per year. A high APR can significantly increase the amount you owe if you carry a balance. Credit limits determine how much money you can borrow, and they are important for financial planning. Penalties and fees can add up quickly for late payments or exceeding your credit limit. However, the look of the credit card is not an important factor to consider as it does not affect the terms of credit or your finances.