(1 point)
Responses
You cannot use them to buy something that costs more money that you have in the bank.
You cannot use them to buy something that costs more money that you have in the bank.
They generally charge 3% to 5% interest.
They generally charge 3% to 5% interest.
When you use them, you never really know how much you owe.
When you use them, you never really know how much you owe.
They can be used to make online purchases.
They can be used to make online purchases.
1 answer
The true statement regarding credit cards is:
They can be used to make online purchases.
The other statements are not accurate in the context of how credit cards work. You can use a credit card to make purchases even if they exceed the amount you have in the bank, and while interest rates can vary, they can be significantly higher than 3% to 5% depending on the card and the user's creditworthiness. Additionally, users can track their spending and know how much they owe when using a credit card.
