The best response for Antoine would be to reconsider why he wants a credit card since it is not a good deal. Given the very low line of credit and high interest rate, it's important for him to evaluate if the benefits of having a credit card outweigh the potential financial burden. If he’s primarily looking for a safeguard for emergencies and has existing savings, he might rely on those savings instead. Additionally, he should weigh the implications of accumulating debt with high interest. If he finds that a credit card isn’t a necessity for his situation, it may be wiser to decline the offer and consider other options or credit-building strategies in the future.
Antoine applied for a credit card. The bank offers him a very low line of credit and a high interest rate. He has some savings but wanted a card in case of emergencies. What should he do?
Responses
Take the card and use it whenever he wants.
Get the card if he can afford the monthly payments.
Take out another loan to build a stronger credit history.
Reconsider why he wants a credit card since it is not a good deal.
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