Question

In this section, you’ll help a family member make financial decisions.

You’re proud of yourself for creating your new budget. You call your brother to share your achievement. He is impressed by your responsible financial decisions. He needs to make some financial decisions of his own and decides to discuss them with you.

At present, your brother pays most of his bills by writing checks and mailing them. He is interested in setting up autopay like you did for your cell phone plan. He has a credit card that he can use to make payments. He thinks this will save him time and help him avoid making late payments.

What’s another way your brother could benefit financially by using a credit card to pay bills?
Question 7 options:

Many companies don't charge a late fee if you make your late payments using a credit card.


He won't have to pay as much tax and other charges.


He can delay paying these expenses for a few months without additional cost.


Many credit cards offer cashback and other rewards programs.

Answer 1

Many credit cards offer cashback and other rewards programs.