ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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safe and convenient, bonuses are offered
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allows you to build a positive credit report
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needed for reservations and online shopping
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all of these
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Detailed explanation-1: -Credit Card advantages include enhanced financial health, improved credit score, balance transfer, easy loan approval, access to funds in case of emergency, affordable EMIs, among multiple other additional benefits.
Detailed explanation-2: -Credit can be a powerful tool that helps you improve your finances, get access to better financial products, save money on interest, and can even save you from putting down a deposit opening utility or cell phone accounts.
Detailed explanation-3: -Easy access to credit. The biggest advantage of a credit card is its easy access to credit. Building a line of credit. Credit cards offer you the chance to build up a line of credit. EMI facility. Incentives and offers. Flexible credit. Record of expenses. Purchase protection. Minimum due trap. More items
Detailed explanation-4: -You’ll have an easier time renting an apartment. You’ll get the best rates on car and homeowners insurance. It’s cheaper to borrow money. You’ll be better prepared for the future. You can access perks and enjoy the best rewards. More items
Detailed explanation-5: -A credit card comes with a bank-approved credit limit. The credit amount must be paid back by the holder to the bank on the due date, which is mostly after 30 days of making the purchase. The limit on the credit card is decided by your bank, depending on your credit score and credit history. More items •17-Aug-2022