Question

before applying for a credit card, jacob examines his credit report. which explains why jacob might examine his credit report?
○ to determine which company has the best credit card features
○ to determine if he has a history of good credit
○ to determine if he needs a credit card
○ to determine his credit limit

Explanation:

A credit report contains records of an individual's credit history (e.g., payment history, debt levels). Lenders use this to assess creditworthiness when approving credit cards. Examining it helps Jacob check his own credit history status before applying. Other options are incorrect: credit card features depend on card comparisons, need for a card is personal judgment, and credit limits are set by lenders based on their evaluation, not directly determined by Jacob from his report.

Answer:

B. to determine if he has a history of good credit