Making purchases with a credit card means that you're borrowing money with interest, and ______ pay much higher interest rates.College graduatesOld peopleRich peopleYoung people

Select the aspect(s) below that are a benefit of a credit card use.You can select more than one answer.A.It allows buyers to postpone the actual payment of the goods and services,  and without paying interest in some circumstances.B.It provides a free automatic loan for the sellers of the goods and services.C.It permits to activate the money in the term deposit account.D.It allows the buyers to acquire goods and services  without using their transactional bank account

Which is NOT a positive reason for using a credit card to finance purchases?Paying it off on time can help build your credit historyYou will get charged high interest.You can get rewards and discounts.You can buy something you need now and pay for it after pay day.

How can credit card debt negatively impact your finances?a) It can increase your net worth. b) It can lead to high-interest charges if not paid off monthly. c) It can increase your credit score automatically. d) It can reduce your taxable income.

What impact does interest have on the cost of the purchases you make when using credit?A.Interest has no impact because it is separate from the actual purchase prices.B.Interest can cause the overall cost of your purchases to decrease.C.Interest can cause the overall cost of your purchases to increase.D.Interest has no impact because most credit cards do not charge interest.SUBMITarrow_backPREVIOUS

What is true of credit cards?Group of answer choicesAll credit cards have the same interest rate.Credit cards cannot change their interest rates without written approval from the customer.They are the same as debit cards.They are a comparatively expensive way to borrow money.