The correct response is:
Credit cards can be used at the point of sale, while lines of credit cannot. Lines of credit typically have a lower interest rate while credit cards typically have higher interest rates.
Some pros of getting a credit card include the convenience of being able to make purchases at the point of sale, and the potential to earn rewards or cash back on purchases. However, credit cards often come with higher interest rates compared to lines of credit.
Some pros of getting a line of credit include typically having lower interest rates compared to credit cards, and the flexibility to borrow only the amount needed. However, lines of credit cannot be used directly at the point of sale like credit cards can.
Joanna is trying to decide between getting a credit card and getting a line of credit, and she has asked you to help her make a list of pros and cons. What are some pros and cons for each type of credit service?(1 point) PICK ONE
Responses
Credit cards can be used at the point of sale, while lines of credit cannot. Lines of credit typically have a lower interest rate while credit cards typically have higher interest rates.
Lines of credit can be used at the point of sale, while credit cards cannot. Lines of credit typically have a lower interest rate while credit cards typically have higher interest rates.
Credit cards can be used at the point of sale, while lines of credit cannot. Credit cards typically have a lower interest rate while lines of credit typically have higher interest rates.
Lines of credit can be used at the point of sale, while credit cards cannot. Credit cards typically have a lower interest rate while lines of credit typically have higher interest rates.
1 answer