Choose wisely. There is only one correct answer to each question.
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1.
When comparing credit cards that charge annual fees against cards that do not, the annual fee cards are a bad deal.
False. Though some may be a bad deal for you, others may offer features that are advantageous to you.
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.
It is possible to use a credit card to earn more than you pay on it.
True. You can earn rewards while paying your balance in full each month and avoiding fees.
4.
When you are in the market for a credit card, one of the best ways to do comparison shopping is to make use of _______.
The Internet. There are Websites that provide comparisons of different credit card programs, and many credit card providers use the Internet to make information about their programs easily available.
5.
The more often you max out your credit card, the more likely the card will raise your credit limit for you.
False. Maxing out your card is bad for your credit rating. If you want to raise your credit limit, don't do that.