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3 votes
Credit cards can help

time regularly.?


when paid off on
build credit history

act as a form of identification

lower your debt

balance your checking account

2 Answers

3 votes

Final answer:

Credit cards can help build credit history, act as a form of identification, and lower your debt.

Step-by-step explanation:

Having a credit card can help in several ways:

  1. Build credit history: Using a credit card responsibly, such as paying your bills on time and not carrying a balance, can help you establish a good credit history, which is important for future financial endeavors.
  2. Act as a form of identification: Credit cards often contain personal information and can serve as a form of identification when needed.
  3. Lower your debt: If used wisely, credit cards can offer lower interest rates than other forms of debt, helping you manage and reduce your overall debt.
User Samnoon
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5.2k points
5 votes

Answer: build credit history

Step-by-step explanation:

If one wants to build their credit history, one of the most basic ways is to get a credit card, spend from that credit card and then and make timely payments on the card.

This will build your credit as it will prove that you pay off debts on a timely basis and are therefore less of a credit risk.

User PatriceG
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4.7k points