1) if you want to travel the world what credit cards should you use?\n2) how many credit cards should you…

1) if you want to travel the world what credit cards should you use?\n2) how many credit cards should you have and what is the reason?\n3) what should you do to your balances?\n4) you should never ever carry ________\n5) keep your balances ________\n6) what is utilization?\n7) millionaires have what type percentage rate?\n8) what makes up 65% of your credit score?\n9) what is an interest rate?\n10) explain variable interest rate.\n11) why should you use a secured credit card?\n12) what is his favorite secured credit card?\n13) what is a balance - transfer card used for?\n14) explain why you should not close credit cards.\n15) devise a plan to increase your credit score.\n16) why should you use credit cards?\n17) what are the reasons that he doesnt want to use a debit card?\n18) if your credit card is stolen you have complete protection. true or false\n19) what is his tiktok?\n20) what is his youtube?

1) if you want to travel the world what credit cards should you use?\n2) how many credit cards should you have and what is the reason?\n3) what should you do to your balances?\n4) you should never ever carry ________\n5) keep your balances ________\n6) what is utilization?\n7) millionaires have what type percentage rate?\n8) what makes up 65% of your credit score?\n9) what is an interest rate?\n10) explain variable interest rate.\n11) why should you use a secured credit card?\n12) what is his favorite secured credit card?\n13) what is a balance - transfer card used for?\n14) explain why you should not close credit cards.\n15) devise a plan to increase your credit score.\n16) why should you use credit cards?\n17) what are the reasons that he doesnt want to use a debit card?\n18) if your credit card is stolen you have complete protection. true or false\n19) what is his tiktok?\n20) what is his youtube?

Answer

Brief Explanations:

  1. Travel rewards credit cards with airline/hotel points.
  2. 2-3; builds credit, manages spending, provides backup.
  3. Pay in full monthly to avoid interest.
  4. Balances (to prevent debt/interest).
  5. Low (below 30% credit utilization).
  6. Ratio of credit used to total credit limit.
  7. Lower interest rates (due to good credit).
  8. Payment history.
  9. Cost to borrow money, percentage of principal.
  10. Rate that fluctuates with market conditions.
  11. To build/rebuild credit (requires security deposit).
  12. Likely rewards (cashback/travel, context-dependent).
  13. Transfer high-interest debt to lower rate card.
  14. Shortens credit history, raises utilization, hurts score.
  15. Active (use occasionally to keep accounts open).
  16. Build credit, earn rewards, fraud protection.
  17. Less fraud protection, no credit building, overdraft fees.
  18. True (limited liability if reported promptly).
  19. (Assuming typo) Likely "expense tracking" (monitor spending).
  20. His YouTube channel for finance/credit advice.

Answer:

  1. Travel rewards credit cards with points/miles for flights and hotels.
  2. 2-3 credit cards; helps build credit, manage spending, and serves as a backup.
  3. Pay balances in full each month to avoid interest charges.
  4. Balances.
  5. Low (preferably below 30% of the credit limit).
  6. The ratio of the amount of credit used to the total available credit limit.
  7. Lower interest rates (due to having good credit scores).
  8. Payment history.
  9. The cost of borrowing money, expressed as a percentage of the principal amount.
  10. An interest rate that can change over time based on market conditions or other factors.
  11. To build or rebuild credit, as it requires a security deposit and reports to credit bureaus.
  12. (Context-dependent, likely) Earning rewards such as cashback or travel benefits.
  13. To transfer high-interest debt from one credit card to another with a lower interest rate.
  14. Closing credit cards shortens credit history length and increases credit utilization, which can lower credit scores.
  15. Active (by using them occasionally to keep the accounts open).
  16. To build credit history, earn rewards, and benefit from fraud protection.
  17. Debit cards offer less fraud protection, do not help build credit, and may have overdraft fees.
  18. A. True.
  19. (Assuming "ET" refers to expense tracking) Monitoring and managing expenses.
  20. His YouTube channel focused on finance, credit, or personal financial advice.