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Conclusion: Interest Rate Is A Major Factor in Comparison of Credit

Interest rate is the most important factor when comparing credit cards. While banks offer 45-50 day interest free periods and annual fees are small, interest rates can significantly impact the cost of borrowing large credit amounts. Therefore, based on the information provided, interest rate is a reasonable way to compare credit cards between banks. The document concludes that the ICICI Bank titanium credit card has the lowest interest rate compared to other options and is therefore the best choice if someone wants a titanium credit card.

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khaledawarsi
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10 views

Conclusion: Interest Rate Is A Major Factor in Comparison of Credit

Interest rate is the most important factor when comparing credit cards. While banks offer 45-50 day interest free periods and annual fees are small, interest rates can significantly impact the cost of borrowing large credit amounts. Therefore, based on the information provided, interest rate is a reasonable way to compare credit cards between banks. The document concludes that the ICICI Bank titanium credit card has the lowest interest rate compared to other options and is therefore the best choice if someone wants a titanium credit card.

Uploaded by

khaledawarsi
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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CONCLUSION

Interest rate is a major factor in comparison of credit facility through credit cards. As interest free credit period allowed by the banks to card holder are around 45 to 50 days, a day or two doesnt matter to a card holder, so it cannot be a reasonable comparison. Annual fee of credit cards are just of petty amount, which again doesnt matter for a huge credit amount available for a card holder. So , as per the above information we can say that interest rate is a reasonable factor to compare the credit cards of various banks. Here, observing above chart ICICI bank has a low interest rate comparing with others. As per my conclusion if you want to be a titanium card holder, go for the ICICI bank titanium credit card.

Miran Khan

Economics Task

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