ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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to help you build your credit score.
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to help you pay more interest.
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to help you buy things your can’t afford and pay for them later.
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to help you pay for college.
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Detailed explanation-1: -Credit cards can help you improve your credit score, but only if you use them responsibly. Your payment history and borrowing amount are the two biggest factors in your credit score. Secured credit cards are an option for borrowers with a poor credit history.
Detailed explanation-2: -Using a credit card might seem intimidating at first, but they provide an alternative payment option that comes with a list of benefits. Not only are they handy in emergencies, but a credit card may help you build credit, earn rewards, finance a big purchase, consolidate debt and so much more.
Detailed explanation-3: -Credit cards offer one of the best ways for you to build your credit and improve your credit scores by showing how you manage credit on a regular basis. If you want to build good credit, use credit cards regularly while making all your payments on time and using a small portion of your card’s credit limit.
Detailed explanation-4: -One-Time Bonuses. There’s nothing like an initial bonus opportunity when getting a new credit card. Cash Back. Rewards Points. Frequent-Flyer Miles. Safety. Keeping Vendors Honest. Grace Period. Insurance. More items