6. Special types of bank credit cards Many credit cards offer features that are tailored to users' preferences and lifestyles. In the following situations, identify which credit card is a good choice to achieve the user's goal. Special Bank Credit Cards for Different Lifestyles and Preferences Lorenzo has a history of charging a lot on his credit card and doesn't carry a high monthly balance. Lorenzo loves cars and plans to trade in his cars every two years, if not more often, for new ones. Which credit card is the best choice? O A secured card O A reward card with an automobile rebate program O Any affinity card Why is that card the best choice? Lorenzo's low monthly balances will protect his collateral. The high-charge volume will provide funding for Lorenzo's favorite political organization. The high-charge volume will provide points to use toward supporting Lorenzo's relatively expensive plans. It is January and Sam just realized that he forgot to make his annual contribution to his favorite charity. He wants to make sure he doesn't forget again to make a contribution. Sam has good credit and should easily qualify for a new credit card. It is January and Sam just realized that he forgot to make his annual contribution to his favorite charity. He wants to make sure he doesn't forget again to make a contribution. Sam has good credit and should easily qualify for a new credit card. Which credit card is the best choice? O A secured card O Any reward card The affinity card sponsored by the charity Why is that card the best choice? O Sam can donate the reward card points to his favorite charity O He can't default on the card O The charity will receive a portion of the card's profits Andrew has $1,000 in cash. Andrew also has a very bad credit history, but wants a credit card. Which credit card is the best choice? O A reward card with a frequent flyer program O A secured card The affinity card sponsored by his school's alumni association Why is that card the best choice? It's the only card he will probably qualify for. He can offer the $1,000 as collateral. Both of these