All of the following are smart guidelines for college students to follow for
using credit cards except
A. maintain only one credit card.
B. use many different credit cards to keep each balance low.
C. use a credit card only in emergencies.
D. pay the balance off every month to avoid paying credit card fees.

Question

03-06-2024
Business

Answered

All of the following are smart guidelines for college students to follow for
using credit cards except
A. maintain only one credit card.
B. use many different credit cards to keep each balance low.
C. use a credit card only in emergencies.
D. pay the balance off every month to avoid paying credit card fees.

Verified Answer :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-06-03T23:48:29-04:00

Final answer:

College students should follow smart guidelines for credit card use, including maintaining only one card, avoiding multiple cards to keep balances low, using it in emergencies, and paying off the balance monthly.

Explanation:

Credit card guidelines for college students:

Maintain only one credit card: Having multiple cards can lead to overspending.
Avoid using many different credit cards: Keeping balances low is crucial for financial stability.
Use a credit card in emergencies: Having a specific purpose for its use can prevent unnecessary debt.
Pay the balance off every month: This helps avoid accumulating debt and paying high fees.

Verified Answer :

Final answer:

Explanation:

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