6. Corinne has just gotten her first job and wants to apply for her first credit card. Based on what you have learned in this unit, what advice can you give Corinne? Your response should include the following information:
-What Corinne should do before applying for the credit card
-Which elements of the credit card agreement Corinne should focus on once her application is accepted
-What Corinne should do in order to best manage her credit
-The potential downsides of having a credit card

Question

kevinfer07 kevinfer07

28-07-2022
Social Studies

contestada

6. Corinne has just gotten her first job and wants to apply for her first credit card. Based on what you have learned in this unit, what advice can you give Corinne? Your response should include the following information:
-What Corinne should do before applying for the credit card
-Which elements of the credit card agreement Corinne should focus on once her application is accepted
-What Corinne should do in order to best manage her credit
-The potential downsides of having a credit card

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gaddielology gaddielology · Answer 1 · 2022-08-09T02:56:19+02:00

Answer:1. First, before applying for the first credit card, check other offers and see if they have lower interest rates and make sure that the interest rate will not vary and make you pay more than what you expected. Secondly, once her application is submitted, Corrine should focus on making sure she has enough money to pay the interest rate. This would require forming a budget. To best manage her credit, Corrine should pay back more than the minimum on her loans and pay them back often and on time. The potential downsides of having a credit card are if you don't pay what you owe in full, then compound interest will occur, and you will start owing much more over time. Also, it can make you feel like you don't have a limit when you do, and you may spend so much without remembering you have to pay it all back.

Explanation: yk