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Which of the following is the main advantage of credit?


Which of the following is the main advantage of credit? Credit allows consumers not to worry about their purchases. Credit allows goods and services to be purchased and paid for now.

What is the main advantage of credit?

Convenience: Credit cards are accepted at more places than checks, and they're generally faster to use. Bill Consolidation: Bills can be paid automatically via credit card, consolidating several payments into a single lump sum. Rewards: Using a credit card with a rewards program may earn you benefits like free travel.

What are the 4 benefits of credit?

Credit can be a powerful tool that helps you improve your finances, get access to better financial products, save money on interest, and can even save you from putting down a deposit opening utility or cell phone accounts.

Which are the main advantage and main disadvantage of using credit?

The pros of credit cards range from convenience and credit building to 0% financing, rewards and cheap currency conversion. The cons of credit cards include the potential to overspend easily, which leads to expensive debt if you don't pay in full, as well as credit score damage if you miss payments.




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  1. which of the following is the most important advantage of letter of credit financing
  2. which of the following is a primary advantage to accepting credit cards
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