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when applying for a credit card, one should compare aprs, fees, and pro…

Question

when applying for a credit card, one should compare aprs, fees, and programs.
failing to pay your credit card balance can lead to penalties and a decrease in your score.
a credit cards limit is the maximum amount you are allowed to borrow on the card.
inquiries occur when lenders check your credit report to make a lending decision and can affect your credit score.

Explanation:

Brief Explanations
  • Credit card rewards programs offer benefits like cash - back, points, or miles for spending.
  • Credit score is a measure of creditworthiness; late payments harm it.
  • Credit limit is the maximum borrowing amount on a card.
  • Credit inquiries happen when lenders check credit reports for lending decisions.

Answer:

  1. rewards
  2. credit
  3. credit
  4. Credit