A benefit of using credit cards is that they
A) have lower interest rates than other forms of credit.
B) provide a record that makes it possible to keep track of purchases easily.
C) help consumers be more disciplined when it comes to spending decisions.
D) allow the consumer to spread out payments and reduce overall costs.

Question

Quizplus · Accepted Answer

Credit cards provide a detailed record of transactions which makes it easy for consumers to keep track of their spending. This can be useful for budgeting and monitoring expenses. While credit cards do not necessarily have lower interest rates than other forms of credit, they do allow consumers to spread out payments and reduce overall costs if used responsibly. Credit cards do not necessarily help consumers be more disciplined in their spending decisions, as it is up to the individual to use the card responsibly.

A Benefit of Using Credit Cards Is That They