ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Hurt
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Helped
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Either A or B
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None of the above
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Detailed explanation-1: -If you’re thinking about adding another credit card to your wallet, it’s not only possible to have two credit cards from the same bank, but it can also be preferable. That said, there are a few cons worth considering, too.
Detailed explanation-2: -Can you refuse the card? Not really, although you can effectively do so in certain cases, depending on your credit history. It’s really a matter of semantics if you are approved for a card, then call up the company and say you want to “refuse it.” What you’re really doing is asking them to cancel the card.
Detailed explanation-3: -You can buy anything within that limit and pay later. Your monthly budget will not affect, even if you buy items of high value on credit. One among the most important benefits of credit card is you can convert the total amount of your purchases into low-cost EMIs to enable you to repay it easily over a period of time.
Detailed explanation-4: -Annual Percentage Rate (APR). This is the cost of borrowing on the card, if you don’t pay the whole balance off each month. minimum repayment. annual fee. charges. introductory interest rates. loyalty points or rewards. cash back.