How to Get and Use Credit Cards

Interactive Video
•
Business
•
11th Grade - University
•
Hard
Wayground Content
FREE Resource
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a common challenge for first-time borrowers when trying to get a credit card?
Limited card options
Lack of credit history
Excessive fees
High interest rates
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a cosigner's role in obtaining a credit card?
To guarantee the debt repayment
To share the credit limit
To increase the interest rate
To pay the annual fee
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to pay off your credit card bill as soon as possible?
To avoid late fees
To increase your credit limit
To earn rewards points
To prevent interest from accumulating
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a positive aspect of using credit cards?
They have no interest rates
They eliminate the need for a bank account
They offer unlimited spending
They help build credit history
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential risk of relying heavily on credit cards?
Access to more credit cards
Improved credit score
Increased savings
Accumulation of high-interest debt
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