Which of the Four Factors Directly Impact Your Total Cost of Using a Credit Card?

The total cost of using a credit card is directly impacted by four key factors: the interest rate (APR), fees, repayment habits, and promotional offers. The interest rate determines the cost of carrying a balance, with higher rates leading to greater interest charges over time. Fees, such as annual fees, late payment penalties, or cash advance charges, can significantly add to the overall expense of using a credit card which of the four factors directly impact your total cost of using the credit card?. Your repayment habits also play a critical role—paying off the balance in full each month avoids interest charges, while only making minimum payments increases costs due to accumulating interest.