cassandra is a 21 - year - old who is still in college. she wants a credit card so she can order items…

cassandra is a 21 - year - old who is still in college. she wants a credit card so she can order items online. her mother offers to let cassandra use her card, but cassandra would like it in her own name. what is an advantage of having it in her own name? a. she will be given more time to pay her bills without paying a late fee. b. if she pays her bills promptly, she will establish a good credit history. c. she will be able to pay a finance charge with a lower apr than her mother. d. her credit score will go up immediately by 200 points as a new borrower.

cassandra is a 21 - year - old who is still in college. she wants a credit card so she can order items online. her mother offers to let cassandra use her card, but cassandra would like it in her own name. what is an advantage of having it in her own name? a. she will be given more time to pay her bills without paying a late fee. b. if she pays her bills promptly, she will establish a good credit history. c. she will be able to pay a finance charge with a lower apr than her mother. d. her credit score will go up immediately by 200 points as a new borrower.

Answer

Brief Explanations:

Paying bills promptly on a personal - owned credit card helps in building a good credit history. There is no guarantee of more time to pay without late fees (A is incorrect), no indication of lower APR for Cassandra (C is incorrect), and new borrowers don't have their credit scores go up by a fixed 200 points immediately (D is incorrect).

Answer:

B. If she pays her bills promptly, she will establish a good credit history.