personal finance activity cont. comparing credit card offers\nstep 6: if you have a fixed amount of income…

personal finance activity cont. comparing credit card offers\nstep 6: if you have a fixed amount of income each month, and your expenses are very close in dollar amount to your income, which of these credit card offers would be the safest choice? explain your answer.

personal finance activity cont. comparing credit card offers\nstep 6: if you have a fixed amount of income each month, and your expenses are very close in dollar amount to your income, which of these credit card offers would be the safest choice? explain your answer.

Answer

Brief Explanations:

When income and expenses are nearly equal, a credit - card with low interest rates and minimal fees is safest. High interest rates can lead to debt quickly if one cannot pay the balance in full each month, and extra fees add to the financial burden.

Answer:

The credit - card offer with the lowest interest rate and fewest additional fees would be the safest choice.