What does a credit card company consider when you apply for a card?

The card issuer will likely look at your overall income relative to your debt — also known as your debt-to-income ratio — to make sure the company doesn’t offer you more credit than they think you can reasonably pay back.

Which situation would result in a credit card issuer charging a cash advance fee?

Explanation: The situation of when a cardholder fails to make a minimum payment of one month would result in a credit card issuer charging a cash advance fee.

Why are student loans considered unsecured quizlet?

Why are student loans considered unsecured? Students can’t be required to make interest payments until they graduate. Lenders don’t have any collateral to seize if the loan doesn’t get paid back. Banks can’t make a high profit on student loans because of the low interest rates.

Which is the best feature of a credit card?

Rewards rank as the most attractive benefit a card can offer, far outpacing other features like interest rate, issuer’s brand, style/design of card, and flexible payment options. The good news? If your rewards program offers the right rewards, it’s likely that you can charge consumers a higher interest rate. Their favorite reward type?

What do consumers like about a credit card?

Consumers like rewards more and more each year. Rewards rank as the most attractive benefit a card can offer, far outpacing other features like interest rate, issuer’s brand, style/design of card, and flexible payment options.

Which is credit card feature determines the number of days?

Which credit card feature determines the number of days after a purchase before fees or interest are charged? grace period THIS SET IS OFTEN IN FOLDERS WITH… 7.08 The Responsible Consumer 10 terms GBronfeld1 Unit 3 Econ: The Price is Right 75 terms miagodoy 5.09 The Government Is a Police Officer 10 terms GBronfeld1 6.02 It’s a Small World

Why is it important to maintain a good credit history?

A cardholder pays off one credit card with a new credit card. Why is it important for people to maintain a good credit history? so they have an easier time getting loans and credit cards Which of these credit card features would be best for customers who often forget to send in their payments on time?