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Basics Beginner: Choosing a Credit Card

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1.
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.
2.
The more often you max out your credit card, the more likely the card will raise your credit limit for you.
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False. Maxing out your card is bad for your credit rating. If you want to raise your credit limit, don't do that.
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.
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True. Some cards do this periodically to get you to use them.
4.
When comparing credit cards that charge annual fees against cards that do not, the annual fee cards are a bad deal.
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False. Though some may be a bad deal for you, others may offer features that are advantageous to you.
5.
Which of the following organizations offer credit cards?
Choose wisely. There is only one correct answer.
All of the above. There are thousands of banks, credit unions, and other organizations that offer credit cards.