What should a consumer review and consider when shopping for a credit card? Check all that apply.The down payment that is requiredThe initial fees to open the accountThe fees charged for late paymentsThe kind of collateral that is requiredThe annual percentage rate for the cardThe Truth in Lending Act disclosure

Compare the card’s opening fees, late-payment fees, and annual percentage rate (APR), since these affect the cost of using the card. Review the Truth in Lending Act disclosure, which explains important rates and fees. A credit card generally does not require a down payment or collateral.

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