The annual percentage rate (APR) is the amount of interest generated each year by a sum charged to creditors or paid to stockholders.
What is the qualification of APR?
The customer's creditworthiness determines whether or not they are eligible for APR. This is a customer's evaluated financial ability to pay on her credit terms. If the customer's credit record is deemed worthy, the cardholder may be issued a Titanium card with a greater credit limit.
When a customer opens a credit card account, the introductory rate is applied to the account. Following the initial rate, consumers are charged the APR, which is typically lower than the introductory rate.
Thus Option A is the correct option.
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