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Many credit cards offer features that are tailored to users' preferences and lifestyles. In the following situations, identify which credit card is a good choice to achieve the user's goal. Special Bank Credit Cards for Different Lifestyles and Preferences Beth has a history of charging a lot on her credit card and doesn't carry a high monthly balance. Beth loves cars and plans to trade in her cars every two years, if not more often, for new ones. Which credit card is the best choice? 0 0 A reward card with an automobile rebate program A secured card Any affinity card Why is that card the best choice? O Beth's low monthly balances will protect her collateral. O The high-charge volume will provide funding for Beth's favorite political organization. The high-charge volume will provide points to use toward supporting Beth's relatively expensive plans. It is January and Eleanor just realized that she forgot to make her annual contribution to her favorite charity. She wants to make sure she doesn't forget again to make a contribution. Eleanor has good credit and should easily qualify for a new credit card. Which credit card is the best choice? A secured card The affinity card sponsored by the charity Any reward card Why is that card the best choice? Eleanor can donate the reward card points to her favorite charity She can't default on the card O The charity will receive a portion of the card's profits Rina just began her first year at a university and has no credit history. Rina has no cash on hand but just got a part-time job. She would like to start building her credit history and plans to apply for a credit card. Which credit card is the best choice? A student card A secured card An affinity card Why is that card the best choice? ○ It's the only card she will probably qualify for. It will probably offer appealing promotions such as free music and movie tickets. Both of these.

Many credit cards offer features that are tailored to users' preferences and lifestyles. In the following situations, identify which credit card is a good choice to achieve the user's goal. Special Bank Credit Cards for Different Lifestyles and Preferences Beth has a history of charging a lot on her credit card and doesn't carry a high monthly balance. Beth loves cars and plans to trade in her cars every two years, if not more often, for new ones. Which credit card is the best choice? 0 0 A reward card with an automobile rebate program A secured card Any affinity card Why is that card the best choice? O Beth's low monthly balances will protect her collateral. O The high-charge volume will provide funding for Beth's favorite political organization. The high-charge volume will provide points to use toward supporting Beth's relatively expensive plans. It is January and Eleanor just realized that she forgot to make her annual contribution to her favorite charity. She wants to make sure she doesn't forget again to make a contribution. Eleanor has good credit and should easily qualify for a new credit card. Which credit card is the best choice? A secured card The affinity card sponsored by the charity Any reward card Why is that card the best choice? Eleanor can donate the reward card points to her favorite charity She can't default on the card O The charity will receive a portion of the card's profits Rina just began her first year at a university and has no credit history. Rina has no cash on hand but just got a part-time job. She would like to start building her credit history and plans to apply for a credit card. Which credit card is the best choice? A student card A secured card An affinity card Why is that card the best choice? ○ It's the only card she will probably qualify for. It will probably offer appealing promotions such as free music and movie tickets. Both of these.

PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
6th Edition
ISBN:9781337117005
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter6: Using Credit
Section: Chapter Questions
Problem 1FPE
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Many credit cards offer features that are tailored to users' preferences and lifestyles. In the following situations, identify which credit card is a good choice to achieve the user's goal. Special Bank Credit Cards for Different Lifestyles and Preferences Beth has a history of charging a lot on her credit card and doesn't carry a high monthly balance. Beth loves cars and plans to trade in her cars every two years, if not more often, for new ones. Which credit card is the best choice? 0 0 A reward card with an automobile rebate program A secured card Any affinity card Why is that card the best choice? O Beth's low monthly balances will protect her collateral. O The high-charge volume will provide funding for Beth's favorite political organization. The high-charge volume will provide points to use toward supporting Beth's relatively expensive plans. It is January and Eleanor just realized that she forgot to make her annual contribution to her favorite charity. She wants to make sure she doesn't forget again to make a contribution. Eleanor has good credit and should easily qualify for a new credit card. Which credit card is the best choice? A secured card The affinity card sponsored by the charity Any reward card Why is that card the best choice? Eleanor can donate the reward card points to her favorite charity She can't default on the card O The charity will receive a portion of the card's profits Rina just began her first year at a university and has no credit history. Rina has no cash on hand but just got a part-time job. She would like to start building her credit history and plans to apply for a credit card. Which credit card is the best choice? A student card A secured card An affinity card Why is that card the best choice? ○ It's the only card she will probably qualify for. It will probably offer appealing promotions such as free music and movie tickets. Both of these.
Transcribed Image Text:Many credit cards offer features that are tailored to users' preferences and lifestyles. In the following situations, identify which credit card is a good choice to achieve the user's goal. Special Bank Credit Cards for Different Lifestyles and Preferences Beth has a history of charging a lot on her credit card and doesn't carry a high monthly balance. Beth loves cars and plans to trade in her cars every two years, if not more often, for new ones. Which credit card is the best choice? 0 0 A reward card with an automobile rebate program A secured card Any affinity card Why is that card the best choice? O Beth's low monthly balances will protect her collateral. O The high-charge volume will provide funding for Beth's favorite political organization. The high-charge volume will provide points to use toward supporting Beth's relatively expensive plans. It is January and Eleanor just realized that she forgot to make her annual contribution to her favorite charity. She wants to make sure she doesn't forget again to make a contribution. Eleanor has good credit and should easily qualify for a new credit card. Which credit card is the best choice? A secured card The affinity card sponsored by the charity Any reward card Why is that card the best choice? Eleanor can donate the reward card points to her favorite charity She can't default on the card O The charity will receive a portion of the card's profits Rina just began her first year at a university and has no credit history. Rina has no cash on hand but just got a part-time job. She would like to start building her credit history and plans to apply for a credit card. Which credit card is the best choice? A student card A secured card An affinity card Why is that card the best choice? ○ It's the only card she will probably qualify for. It will probably offer appealing promotions such as free music and movie tickets. Both of these.
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