A credit card holder who pays off his balances in full each month is known as

Question

Quizplus · Accepted Answer

A credit card holder who pays off their balance in full each month is not a borrower as they are not carrying over any debt. They are not an impulsive lender, as that term does not exist. They are not a home equity holder, as this refers to someone who has borrowed against the equity in their home. The best choice is option B, a convenience user, as they use their credit card for the convenience and rewards, but do not carry over any debt.

A Credit Card Holder Who Pays Off His Balances in Full