Question
What is an advantage of using a credit card?(1 point)
It will not affect your credit score or credit history
Since it is tied directly to your checking account, it prevents you from spending money you do not have
If you need to carry a balance, the interest rates are generally quite low (less than 5%)
You can make an emergency purchase that you otherwise don’t have the money to pay for right now
It will not affect your credit score or credit history
Since it is tied directly to your checking account, it prevents you from spending money you do not have
If you need to carry a balance, the interest rates are generally quite low (less than 5%)
You can make an emergency purchase that you otherwise don’t have the money to pay for right now
Answers
GPT-4o mini
The advantage of using a credit card is: **You can make an emergency purchase that you otherwise don’t have the money to pay for right now.**
This allows for flexibility in managing unexpected expenses while also potentially building credit history if managed responsibly.
This allows for flexibility in managing unexpected expenses while also potentially building credit history if managed responsibly.