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Basics Beginner: Choosing a Credit Card

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1.
The more often you max out your credit card, the more likely the card will raise your credit limit for you.
Choose wisely. There is only one correct answer.
False. Maxing out your card is bad for your credit rating. If you want to raise your credit limit, don't do that.
2.
When shopping for a credit card, you should evaluate several cards because ________.
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Their interest rates, fees, and other features differ. The knowledgeable credit card user can score great deals this way.
3.
Shopping for a good credit card deal is easy because there are only a few large organizations that offer credit cards.
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False. There are thousands of banks, credit unions, and other organizations that offer credit cards.
4.
Which of the following is not a factor in comparing credit cards?
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None of the above. All are factors to be considered when comparison shopping for a credit card that best suits your needs.
5.
If your credit card offers cash-back rewards and you have excellent credit, your credit card might raise your cash-back percentage for you.
Choose wisely. There is only one correct answer.
True. Some cards do this periodically to get you to use them.