Antoine applied for a credit card. The bank offers him a very low line of credit and a high interest rate. He has some savings but wanted a card in case of emergencies. What should he do?

Question

A. • Take the card and use it whenever he wants.
B. • Get the card if he can afford the monthly payments.
C. • Take out another loan to build a stronger credit history.
D. • Reconsider why he wants a credit card since it is not a good deal.

Answer 1

D. • Reconsider why he wants a credit card since it is not a good deal.

Antoine should reconsider whether he really needs a credit card, especially with a low line of credit and high interest rate. He may be better off relying on his savings for emergencies rather than taking on unnecessary debt with unfavorable terms.