Small Personal Loans Essay

Document Type:Math Assignment

Subject Area:Mathematics

Document 1

The advantage of Discover Card is that it does not have an annual fee and offer a higher than the normal credit limit. Loan A which is discovered at 7% interest with no initiation fee is better than Loan B, Citibank at 8% interest because loan A has a discover cards which offer larger credit limit compared to other similar cards such as the Citibank choice card which has a lower credit limit. Those times the annual fee was common but loan A cannot have annual fee does making easy for the borrowers. Also apart from possessing a discover card, the loan A offers no initiation fee which is advantageous to borrowers as it leads to a long-term contract with the lending loan companies.

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