Question

Which of the following is NOT true of credit cards?

Answer 1

The correct option is (b), they are the best payment type to use when trying to stick to a budget.

Further explanation:

An individual should be aware of every penny that he spends which helps him stick to a budget. The total payment of credit cards can be accumulated without an individual realizes it until he sees the report of credit card by the month-end.

CREDIT CARD

A credit card is a card by which an individual can borrow money it functions against a line of credit. When an individual wants to buy something, a shopkeeper or sales clerk uses his card to charge the money needed to his account, so he will pay later.

An individual has to pay a fee if he makes monthly payments late. Credit cards provide rewards also, like airline miles and cashback. In terms of fraud, the credit card is considered a safe method of payment.

Learn more:

1. If you are planning to carry a large balance on your credit card, which of the following credit card features should you look for?

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2. Three examples of inhumane farming methods and motivate why you regard them as inhumane.

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Answer details:

Grade: Middle Card

Subject: Social Studies

Topic: Credit Cards

Keywords: budget, credit cards, fraud, payment, sales clerk, penny, airline miles, rewards

Answer 2

I believe the answer is: B. They are the best payment type to use when trying to stick to a budget

The number of total payment on credit cards would be accumulated without we realize it until we see the credit card report by the end of the month. If you want to stick to a budget, you need to avoid this type of situation and make sure that you are aware of every pennies that you spent.