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What are some advantages of using credit cards? Select 3 that apply.

(2 points)
Responses

little to no interest on money owed
little to no interest on money owed - only 3 answers are allowed

allows you to buy now and pay later
allows you to buy now and pay later - only 3 answers are allowed

highly resistant to fraud and theft, especially online
highly resistant to fraud and theft, especially online - only 3 answers are allowed

may offer incentives such as airline or hotel points
may offer incentives such as airline or hotel points - only 3 answers are allowed

no need to carry large amounts of cash

1 answer

Here are three advantages of using credit cards:

  1. Allows you to buy now and pay later - This feature enables consumers to make purchases even if they don't have the cash available at that moment.

  2. Highly resistant to fraud and theft, especially online - Credit cards typically offer better protections against unauthorized transactions, reducing the risk of fraud.

  3. May offer incentives such as airline or hotel points - Many credit cards come with rewards programs that allow users to earn points or cashback on their purchases, adding value to their spending.

These options highlight the financial flexibility, security, and rewards that can come with using credit cards.