A new credit card holder must decide between two credit cards. The first card offers a current APR of 12.99%. The second card has a current daily periodic interest rate of 0.038%. Which card would be the better choice?

The second card is the better choice because the daily periodic interest on the first card is 0.036%, compared to 0.038% on the second card.
The second card is the better choice because the daily periodic interest on the first card is 0.038%, compared to 0.036% on the second card.
The first card is the better choice because the daily periodic interest on the first card is 0.036%, compared to 0.038% on the second card.
The first card is the better choice because the daily periodic interest on the first card is 0.038%, compared to 0.036% on the second card.