You are considering making a major purchase on your credit card. You should ask yourself the following questions, except which answer choice

a. Would it cost me less if I came up with a different purchasing plan

b. What else can I purchase to reach my full credit limit

c. Will I receive any incentives from my credit card company for making this purchase

d. How much will my purchase really end up costing if I don t pay off the balance immediately?

Question

Mathematics

Karlie Lucas

27 May, 19:02

You are considering making a major purchase on your credit card. You should ask yourself the following questions, except which answer choice

a. Would it cost me less if I came up with a different purchasing plan

b. What else can I purchase to reach my full credit limit

c. Will I receive any incentives from my credit card company for making this purchase

d. How much will my purchase really end up costing if I don t pay off the balance immediately?

+2

Answers (1)

Know the Answer?

Eduardo · Answer 1

I find that you should ask yourself the questions in options a), c) and d) - all those options have in common that you wonder whether using a credit card is advisable in this situation.

However, you should not ask yourself the following question:

b. What else can I purchase to reach my full credit limit

This will only make you spend more money on items that you likely don't need.