Which is an advantage of using a credit card over
a debt card?
A. You must have enough money in your account
to cover your purchases.
B. You don’t have to carry cash.
C. Used responsibly, it can help build a positive
credit history.
D. You pay interest on the unpaid balance
i think it's c
I agree.
There are other reasons, but among these, C is best.
https://www.investopedia.com/articles/personal-finance/050214/credit-vs-debit-cards-which-better.asp
thank you
The correct answer is C. Used responsibly, using a credit card can help build a positive credit history.
To arrive at this answer, we need to compare the advantages of using a credit card over a debit card. Let's go through each option:
A. "You must have enough money in your account to cover your purchases." This is a disadvantage of using a debit card, not an advantage of using a credit card. With a debit card, you can only spend the money that is available in your bank account, which ensures that you do not overspend and incur debt. Therefore, this option is not the correct answer.
B. "You don't have to carry cash." This can be considered as an advantage of using both credit and debit cards. However, this option does not specifically highlight the advantages of using a credit card over a debit card. Therefore, this option is also not the correct answer.
C. "Used responsibly, it can help build a positive credit history." This is the correct answer. One advantage of using a credit card is that it allows you to establish a credit history. By making timely payments and managing your credit card responsibly, you can build a positive credit history. This is important because having a good credit history can help you access better interest rates on loans, qualify for mortgages, and even lower insurance premiums.
D. "You pay interest on the unpaid balance." This is actually a disadvantage of using a credit card, not an advantage. If you do not pay off your credit card balance in full each month, you can be charged interest on the unpaid balance. Therefore, this option is incorrect.
In conclusion, the correct advantage of using a credit card over a debit card is that it can help build a positive credit history if used responsibly.