Final answer:
Ben's credit rating would be 'no credit' since he has no credit history.
Therefore, the correct answer is: option c. No credit
Step-by-step explanation:
When applying for a credit card, lenders will typically assess an individual's creditworthiness based on their credit history.
If Ben is 18 and wants to apply for a credit card but has no credit history, his credit rating would be classified as 'no credit'. This is because he has not yet established a record of borrowing money and repaying loans, which is essential for building a credit score.
When first trying to get credit, one strategy is to check if his own bank offers a credit card designed for someone with limited credit history.
Another option is to apply for credit cards offered by department stores or gas stations, as they may have less stringent approval criteria.
However, it is important to carefully consider the interest rates associated with these cards, as they can be quite high. The interest rate is the cost of carrying a balance from month to month and is paid by the borrower for the use of borrowed funds.