BestBank's Visa credit card discloses an A. P. R. of "Prime Rate + 5.74% to Prime Rate + 22.74%." If the Prime Rate increases from 3.25% to 4.25%, what impact would this have on A. P. Rs for cardholders?
a. No change since credit card A. P. Rs don't change as long as your account is open
b. Increase in A. P. R by 1%
c. Decrease in A. P. R. by 1%
d. Increase in A. P. R. by 22.74%
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Home » Business » BestBank's Visa credit card discloses an A. P. R. of "Prime Rate + 5.74% to Prime Rate + 22.74%." If the Prime Rate increases from 3.25% to 4.25%, what impact would this have on A. P. Rs for cardholders? a. No change since credit card A. P.