Choose wisely. There is only one correct answer to each question.
0%
Keep studying!
Review your answers below to learn more.
1.
When shopping for a credit card, you should evaluate several cards because ________.
Their interest rates, fees, and other features differ. The knowledgeable credit card user can score great deals this way.
2.
Which of the following is not a factor in comparing credit cards?
None of the above. All are factors to be considered when comparison shopping for a credit card that best suits your needs.
3.
If your credit card offers cash-back rewards and you have excellent credit, your credit card might raise your cash-back percentage for you.
True. Some cards do this periodically to get you to use them.
4.
When evaluating a credit card offer, why should you consider how the card's interest rate is calculated?
Different methods result in different charges. Based on when you incur charges and when you pay them off, the method used to calculate interest will differ.
5.
Which of the following organizations offer credit cards?
All of the above. There are thousands of banks, credit unions, and other organizations that offer credit cards.