Experts are increasingly sounding a warning about mounting credit card debt. Given that, which of the following would be an unwise strategy for a credit card company?
Making sure the company's credit card rules are clear and easy-to-understand.
Charging the same interest rate as other credit card companies.
Ensuring that fees for exceeding credit limits are no higher than necessary.
Increasing the value of the promotional items that are used to attract new credit card customers.
Offering free debt counseling to credit card customers.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q32: If Sally says she has purchased $250.00
Q33: Which of the following is not part
Q34: You are applying for a bank loan
Q35: Money lets you measure the relative values
Q36: Which of the following accounts for nearly
Q38: Scott saw Laura's paycheque and discovered that
Q39: All products can be valued and measured
Q40: Joanne has money in a _; this
Q41: What term identifies a bank's promise to
Q42: The principal source of short-term loans for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents