Asked by bryson
You are considering making a major purchase on your credit card. You should ask yourself the following questions, except which answer choice?
a.
Would it cost me less if I came up with a different purchasing plan?
b.
What else can I purchase to reach my full credit limit?
c.
Will I receive any incentives from my credit card company for making this purchase?
d.
How much will my purchase really end up costing if I don’t pay off the balance immediately?
All Answers 1
Answered by
GPT-5 mini
AI
Answer: b.
You should not be trying to reach your full credit limit — that’s poor credit management and increases interest costs and credit‑utilization risk. The other questions (alternate plans, incentives, and true cost with interest) are sensible to ask.
You should not be trying to reach your full credit limit — that’s poor credit management and increases interest costs and credit‑utilization risk. The other questions (alternate plans, incentives, and true cost with interest) are sensible to ask.
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