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Which of the four factors directly impact your total cost of using the credit card?

The four factors that directly impact your total cost of using a credit card are:

1. Interest rate: The interest rate, also known as the annual percentage rate (APR), is the amount of interest charged on any unpaid balance on your credit card. The higher the interest rate, the more you will pay in interest charges over time.

2. Annual fees: Some credit cards may charge an annual fee for the privilege of using the card. Annual fees can vary widely depending on the card issuer and the rewards or benefits offered by the card.

3. Transaction fees: Transaction fees can include balance transfer fees, cash advance fees, and foreign transaction fees. These fees are typically a percentage of the amount of the transaction or a flat fee, and can add up quickly if you use your credit card frequently.

4. Late payment fees: If you do not make your credit card payments on time, you may be charged a late payment fee. Late payment fees can be significant and can also trigger an increase in your interest rate.

It's important to consider all of these factors when choosing a credit card and using it responsibly to minimize your total cost of using the card.

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