ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It can help credit history and it improves your credit score and if you run into an oops you will have emergency money.
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using your own money
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If you don’t pay on time or if you don’t pay enough your credit score goes down
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could acquire overdraft fees, and ATM charges if you try to take money out of an ATM that is not in your ATM network (additional charges for out-of network banks).
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Detailed explanation-1: -Building credit, earning cash back and benefiting from fraud protection are just a few of the many advantages of using credit cards.
Detailed explanation-2: -A credit card allows you to buy products and services on low-cost EMIs. Another option that has become popular is the Buy Now, Pay Later, which is ideal for salaried borrowers with fixed monthly incomes. Credit cards are the best alternative to cash, as it eliminates the need for carrying cash.
Detailed explanation-3: -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