Eric has a history of charging a lot on his credit card and doesn$$t carry a high monthly balance. Eric 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?

A secured card

Any affinity card

A reward card with an automobile rebate program

Why is that card the best choice?

Eric$$s low monthly balances will protect his collateral.

The high$-$charge volume will provide funding for Eric$$s favorite political organization.

The high$-$charge volume will provide points to use toward supporting Eric$$s relatively expensive plans.

Kenji graduated from school and is no longer a student. He just joined the school$$s alumni association and wants to support its activities without having to remember to periodically write a check.

Which credit card is the best choice?

A reward card with a frequent flyer program

A student card

The affinity card sponsored by the alumni association

Why is that card the best choice?

Kenji can use the reward card$$s points to fly to campus for homecoming

A portion of charges made with Kenji$$s student charge card will go to the alumni association

The alumni association will receive a portion of the card$$s profits

Van just began his first year at a university and has no credit history. Van has no cash on hand but receives a small monthly stipend from a trust fund. Van$$s parents won$$t guarantee payments on a credit card for Van because they don$$t think he will use it responsibly. Van is going to apply for a credit card because he wants one.

Which credit card is the best choice?

An affinity card

A secured card

A student card

Why is that card the best choice?

It$$s the only card he will probably qualify for.

It will probably offer appealing promotions such as free music and movie tickets.

Both of these.

$$

Continue without saving

$\%$

In addition to interest charges, under certain circumstances, Musashi could be subject to any of the following other fees and charges:

$$ Late payment fees$$ Over$-$the$-$limit charges$$ Foreign transaction fees$$ Balance transfer fees

For each of the following situations, choose the fee that most closely applies.

$$ Musashi$$s credit card is issued in the country where he is a citizen. During a recent vacation to another continent, he used his credit card to pay for lodging, meals, and tourist attractions. Musashi will likely be charged$.$ Musashi currently carries a balance on his MasterCard from month to month. He$$s going to move his MasterCard balance to a Visa card that charges a lower interest rate. Musashi will likely be charged$.$ Musashi$$s credit card payment was due on February $4.$ He made a payment on February $6.$ Musashi will likely be charged$.$