Wise users of credit have a no-annual-fee card for convenience purchases and a low-APR card for purchases where they carry a balance.

Question

Quizplus · Accepted Answer

This statement is true because using a no-annual-fee credit card for everyday purchases can be convenient and also helps to avoid unnecessary fees. A low-APR card can be useful for carrying a balance on larger purchases, as it reduces the amount of interest that accrues over time. By having both types of cards, a user can optimize their credit usage and save money in the long run.

Wise Users of Credit Have a No-Annual-Fee Card for Convenience