Which of the following is the best advice about the use of credit cards?
A) Except for very small purchases, credit cards should always be used instead of cash.
B) The best approach to credit cards is never even to apply for one.
C) Credit cards are an important part of a personal financial system, but they should be used with care and discipline to avoid their high financial costs.
D) Credit cards are most useful when making large purchases (over $500), because they allow you to spread out the payments so they fit in your budget.

Question

Quizplus · Accepted Answer

Credit cards can be useful, but they also have high interest rates and fees if not used responsibly. It is important to exercise caution, avoid overspending, and pay off the balance in full each month to avoid accruing debt. The other options recommended either irresponsible use of credit cards or avoiding them altogether, which can limit opportunities to build credit and reap rewards.

Which of the Following Is the Best Advice About the Use