00:01
All right, so it sounds like this problem we're working through is a comparison of credit card options, and you have questions about interest rates, annual fees, grace periods, and fees across multiple cards.
00:10
So let's just break down how to analyze these.
00:14
All right.
00:15
All right, starting with the first one, interest rate after six months for a credit card one.
00:20
So you need to check the credit card's terms, specifically the apr or the annual percentage rate after any inductory period.
00:26
So usually six months.
00:27
And the interest rate might revert to the standard apr after the entry.
00:31
Period ends.
00:32
All right.
00:34
Two, which credit cards have an annual fee? so look at the fee schedules for each card.
00:39
Many cards explicitly state their annual fee on their promotional materials on terms and conditions.
00:43
Identify which of the cards in your comparison includes an annual fee.
00:47
All right.
00:47
Three, grace period...