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18 votes
18 votes
Do you think George will be approved for one of the three cards on his list? Why or why not?

note: George is a 21 year old college student, no co-signers involved

Do you think George will be approved for one of the three cards on his list? Why or-example-1
User Jan Rothkegel
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1 Answer

24 votes
24 votes

Answer:

George will be approved for a credit card only if he has a positive credit history, and if he meets the requirements the bank asks for.

Obtaining a credit card for most people depends on two main factors:

A positive credit history: This factor implies the customer has shown positive behavior in terms of payments, and due to this, this person can be trusted.

Meet the requirements: Many banks as for specific requirements to approve a credit card. The most common requirements are:

Be at least 21 years old.

Receive an income every month.

Not having higher debts.

Note: This question is incomplete because the descriptions of the three cards are missing; due to this, I answered based on general knowledge.

you have to study

Step-by-step explanation: good job for asking though

User Akhil Sidharth
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2.7k points