Question

When building a credit history, you should have a credit card with a _____, and you should pay it in full, on time, every time

Answer 1

-High interest rate

-High credit limit

-Low interest rate

-Low credit limit

Answer:

Low interest rate

Explanation:

Credit cards can help you to build your credit history and it is important to have a low interest rate in it as you will have to pay less for the money you borrow. Also, to create a good history and have a high score you should use it carefully in a period of several months and pay what you borrow on time. According to this, the answer is that when building a credit history, you should have a credit card with a low interest rate, and you should pay it in full, on time, every time.

Answer 2

When building a credit history, you should have a credit card with a low interest rates.

Explanation:

The credit history is the record of a person which can describe his way of paying amount back, which helps lenders to find out if the person is trustworthy and reliable.

Hence, we should always pay amounts on time as the on time payments make the person most reliable to the lenders and they will understand that you are not in lack of money, your credit score will also be good.

While Building the credit history you should have a credit card with a low interest rate as interest are the extra amount which you need to pay. If it is less then you will end up paying less.