Question

8. Which of the following statements shows the mind of

a fool when it comes to credit cards?
Check all the answers that may apply:
You get six credit card offers in the mail, and are stoked! You get all the
cards.
When you finally get a credit card, you plan on getting only one credit
card. Max two. Period.
You see a bunch of kids passing out free tee shirts at a school
function. All you have to do to get the shirt is sign up for a "free"
credit card. You sign up on the spot!
You find a radical website that promises you the cheapest credit cards
for students, and believe everything you read on the site.
You decide to get your first credit card from the same place that gave
you your checking account
You decide to get your first credit card from an online bank with no
local office.
You get a credit card without checking how long the "grace period" is.
You plan on making online payments on your credit card when you get
it--and plan to pay early every month.

Answer 1

The first, third, forth, sixth, and seventh statements.

Reasoning:

In the first statement someone opens six credit cards; this number of open lines of credit is not recommend.

In the third, you are freely exchanging personal information by opening a line of credit without real reason or investigation.

In the forth, there is a high chance that the site is a scam.

In the sixth, it is generally not wise to use online banks because it can be more difficult to report issues and concerns as there is nowhere for you to go for help.

In the seventh statement, not throughly researching the credit card you wish to get is always a bad idea.

Answer 2

1,3,4,6, and 7 are the answers, you don’t need many credit cards, online scammers, you don’t know how long you have w it or to pay it back etc.