ECONOMICS
CREDIT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
you want to go on vacation
|
|
|
you want to go to a concert
|
|
|
you need to not when you want to
|
|
|
all of the above are correct
|
Detailed explanation-1: -Many consumers turn to credit when faced with unexpected home or auto repairs, as well as medical emergencies. Credit also offers convenience, enabling you to rent a car or hotel room or buy tickets over the phone or online.
Detailed explanation-2: -Credit cards are safer to carry than cash and offer stronger fraud protections than debit. You can earn significant rewards without changing your spending habits. It’s easier to track your spending. Responsible credit card use is one of the easiest and fastest ways to build credit.
Detailed explanation-3: -There are many reasons to consider getting a credit card, even if you don’t need to borrow money. A credit card can help you build or rebuild your credit history, establish strong financial habits and finance a large purchase.
Detailed explanation-4: -When you haven’t paid off the balance. When you don’t know your available credit. When you’re just doing it for the rewards (but you haven’t done the math) When you’re afraid you have no other choice. When you’re in a heightened emotional state. When you’re suspicious of fraud. More items