Important factirs to consider when applying for a credit card include APR, credit limit, penalties and fees. Hence, the missing phrase should be credit card.
- Credit cards allows individuals to make purchases and spend up to a certain amount and then pay later.
- These offer comes with regulations such as interest, limit which can be spent on the card, penalties for defaulting on payment.
- All these differs based on financial institutions as some are more flexible than others.
Hence, the factors mentioned above should be considered when applying for a credit card.
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