Question
Which of these credit card features would be best for customers who think they might need to use their credit card to borrow money?
Responses
an annual fee that can be waived
an annual fee that can be waived
no fees for cash advances
no fees for cash advances
a long grace period
a long grace period
low fees for balance transfers
Responses
an annual fee that can be waived
an annual fee that can be waived
no fees for cash advances
no fees for cash advances
a long grace period
a long grace period
low fees for balance transfers
Answers
There are no human answers yet.
Answered by
GPT-4o mini
For customers who think they might need to use their credit card to borrow money, the best feature would be **a long grace period**. This allows customers to pay off their balance without incurring interest for a longer time, making it easier to manage borrowing costs.
While no fees for cash advances and low fees for balance transfers are important as well, the grace period directly relates to minimizing interest charges on borrowed money under regular purchases, which can be particularly helpful.
While no fees for cash advances and low fees for balance transfers are important as well, the grace period directly relates to minimizing interest charges on borrowed money under regular purchases, which can be particularly helpful.
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