Question

review the credit card offer below and identify the following: 1. introductory apr (annual percentage rate) 2. annual fee 3. how much money in statement credits you can earn special offer • earn up to $400 cash back as statement credits. • earn a $200 statement credit after you spend $5,000 in qualifying purchases on your card within the first 6 months of card membership. • plus, earn an additional $200 statement credit after you spend an additional $10,000 or more in qualifying purchases on your card within the first year of card membership. • welcome bonus offer not available to applicants who have or have had this product. offer details • 0.0% introductory apr on purchases for 9 months. after that your apr will be a variable rate, currently 13.24%, 18.24%, or 20.24% based on your creditworthiness as determined at the time of account opening. • annual fee: $0. and no annual fee for each additional card. • earn cash back on purchases, even those above your credit limit. plus, there’s no limit to the total amount of cash back you can get.

Explanation:

Step1: Identify Introductory APR

The offer details state 0.0% introductory APR on purchases for 9 months.

Step2: Identify Annual Fee

It is clearly mentioned that the annual fee is $0.

Step3: Identify Total Statement Credits

You can earn a $200 statement credit after spending $5,000 in first 6 - months and an additional $200 after spending an additional $10,000 in the first year, for a total of $400.

Answer:

1. 0.0% (for 9 months)
2. $0
3. $400