Question

question 20 of 20
which persons first credit card offer is most likely to put them at risk?
a. ricks card lets him carry a balance every month.
b. carols card has a low credit limit for the first six months she uses
it.
c. michonnes card charges no fees each time she uses it.
d. daryls card has an interest rate that increases over time.

Explanation:

• Option A: Carrying a balance every month can lead to debt accumulation if not managed properly.
• Option B: A low credit limit for the first six months is a common practice and not necessarily risky.
• Option C: No fees each time the card is used is a positive feature.
• Option D: An interest rate that increases over time can lead to higher costs if the balance is not paid off promptly. However, carrying a balance every month (Option A) is a more immediate and common risk factor for getting into credit card debt.

Answer:

A. Rick's card lets him carry a balance every month.