using a credit card has many advantages. if there is an emergency, you can use a credit card to make…

using a credit card has many advantages. if there is an emergency, you can use a credit card to make necessary purchases even if you dont have the money available at the time. credit cards are easy to carry, easy to use, and provide a record of your purchases. you can buy things online with them, too. if your credit card is lost or stolen, the bank can cancel the card so that no one else can use it. some credit cards also give you rewards, like cheaper airplane tickets. using a credit card also has several disadvantages. since credit cards let you borrow money from the bank, you may have to pay interest. interest is an extra fee on top of the money you borrowed. the longer you take to pay back the money, the more interest you will pay. and if you miss a payment, you will have to pay a late fee. so, you must be careful not to spend more money than you will be able to pay back. which of the following are disadvantages of using a credit card to pay for something? select two. you must have enough money in your bank account, or your purchase may be denied. credit cards do not offer discounted airplane tickets or any other rewards for using them. you may have to pay interest fees, which can be expensive if you dont pay back loans quickly enough. credit cards are so easy to use that you can accidentally borrow more money than you can pay back.

using a credit card has many advantages. if there is an emergency, you can use a credit card to make necessary purchases even if you dont have the money available at the time. credit cards are easy to carry, easy to use, and provide a record of your purchases. you can buy things online with them, too. if your credit card is lost or stolen, the bank can cancel the card so that no one else can use it. some credit cards also give you rewards, like cheaper airplane tickets. using a credit card also has several disadvantages. since credit cards let you borrow money from the bank, you may have to pay interest. interest is an extra fee on top of the money you borrowed. the longer you take to pay back the money, the more interest you will pay. and if you miss a payment, you will have to pay a late fee. so, you must be careful not to spend more money than you will be able to pay back. which of the following are disadvantages of using a credit card to pay for something? select two. you must have enough money in your bank account, or your purchase may be denied. credit cards do not offer discounted airplane tickets or any other rewards for using them. you may have to pay interest fees, which can be expensive if you dont pay back loans quickly enough. credit cards are so easy to use that you can accidentally borrow more money than you can pay back.

Answer

Brief Explanations:

The text mentions that using a credit - card has disadvantages such as paying interest (the longer you take to pay back, the more interest you pay) and the risk of over - spending as you have to be careful not to spend more than you can pay back. The first option about having enough money in the bank account is not a disadvantage of credit cards (credit cards allow borrowing when you don't have the money). The second option is incorrect as the text states some credit cards offer rewards like cheaper airplane tickets.

Answer:

C. You may have to pay interest fees, which can be expensive if you don’t pay back loans quickly enough. D. Credit cards are so easy to use that you can accidentally borrow more money than you can pay back.