Question

types of loans
ard features:

• benefits:
• earn 4% cash back on dining and entertainment.
• 2% cash back at grocery stores.
• 1% cash back on all other purchases.
• no foreign transaction fees.
• $150 sign - up bonus after spending $1,000 in the first three

months.

• complimentary access to various online streaming services for

the first year.

• trade - offs:
• $95 annual fee starting from the second year.
• higher apr on balances compared to similar cards.
• cash back on dining and entertainment capped at $5,000

annually.

• requires excellent credit for approval.

which individual is likely to benefit most from the versatile rewards card?
aspen, who travels internationally and primarily
spends on travel and hotel accommodations
asia, an avid moviegoer and food enthusiast who
frequently dines out and attends concerts
astrid, a college student who makes most of her
purchases at grocery stores and rarely indulges in
entertainment activities
ashton, who rarely eats out and mainly uses his
card for gas and utility bills

Explanation:

The card offers 4% cash - back on dining and entertainment. Asia, as an avid moviegoer and food enthusiast who frequently dines out and attends concerts, would benefit from the 4% cash - back on these entertainment and dining expenses. Aspen's main spending is on travel and hotel (not the high - cash - back categories of the card). Astrid mainly shops at grocery stores (2% cash - back) and rarely indulges in entertainment (so misses the 4% category). Ashton rarely eats out (so misses the 4% category) and mainly uses the card for gas and utility (1% cash - back).

Answer:

Asia, an avid moviegoer and food enthusiast who frequently dines out and attends concerts.