You decided to go and apply for a credit card at your local financial institution. The...

You decided to go and apply for a credit card at your local financial institution. The Prime rate currently announced was 4.8%. You have an excellent credit history and FICO score. You were offered 18.99% interest rate for a rewards card. How is each interest rate, which you and other borrowers receive from a lender or credit company, determined or calculated by the creditors or institution?

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jeff jeffy answered 9 months ago

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