Hannah is excited about getting her first credit card. However, she should be aware of the fact that:
A) credit cards are no longer accepted in many places as a valid source of credit.
B) credit cards require that at least 25% of the balance be paid each month.
C) there will be a finance charge even if Hannah pays her entire credit card balance in full and on time.
D) the convenience of credit cards can lead to excessive debts.

Question

Quizplus · Accepted Answer

While credit cards can be a convenient way to make purchases, it is important for Hannah to be aware of the potential risks. One of the biggest risks is the temptation to overspend and accumulate excessive debts that can be difficult to repay. It is important for Hannah to use her credit card responsibly and only make purchases that she can afford to pay off in full each month.

Hannah Is Excited About Getting Her First Credit Card