Mathematics, 29.05.2020 02:04 edconsys

You have a FICO score of 710 and apply for a new credit card with an advertised interest rate of 15%. You read in the disclaimer notes that your rate could be higher or lower than the advertised rate. Based on your FICO score, which is the most likely decision on your application?

Your application for the credit card is turned down.
You are approved and charged an interest rate of 12%.
You are approved and charged an interest rate of 18%.
Your FICO score has no effect on getting the credit card.

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