Which of the following is an advantage of maintaining a good credit score?(1 point)

Question

Responses

Credit card companies offer more points in their rewards system
Credit card companies offer more points in their rewards system

Greater chance of receiving a loan with a low interest rate
Greater chance of receiving a loan with a low interest rate

Receive higher interest rates on money in a savings account
Receive higher interest rates on money in a savings account

Stocks can be purchased at a lower price

Answer 1

The correct response is:

Greater chance of receiving a loan with a low interest rate.

Maintaining a good credit score increases your likelihood of being approved for loans and receiving more favorable interest rates, which can save you money over time.