Question

question 10
4 pts
what factor would most likely lead to increasing the interest rate on a persons credit card?
google translate

• total amount charged
• number of purchases
• late payments

Explanation:

Credit card interest rates are influenced by a cardholder's creditworthiness. Late payments indicate a higher risk of default, so credit card companies often increase interest rates as a response to this increased risk. Total amount charged and number of purchases don't directly impact the interest rate; they affect the balance and potential interest charged (based on rate), not the rate itself.

Answer:

C. Late payments