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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 Lucia has a history of charging a lot on her credit card and doesn't carry a high monthly balance. Lucia loves cars and plans to trade in her cars every two years, if not more often, for new ones. Which credit card the best choice? O A reward card with an automobile rebate program O Any affinity card O A secured card Why is that card the best choice? Lucia's low monthly balances will protect her collateral. The high-charge volume will provide funding for Lucia's favorite political organization. The high-charge volume will provide points to use toward supporting Lucia's relatively expensive plans. Sharon graduated from school and is no longer a student. She 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? O A student card O A reward card with a frequent flyer program The affinity card sponsored by the alumni association Why is that card the best choice? O Sharon can use the reward card's points to fly to campus for homecoming O A portion of charges made with Sharon's student charge card will go to the alumni association O The alumni association will receive a portion of the card's profits Deborah just began her first year at a university and has no credit history. Deborah has no cash on hand but receives a small monthly stipend from a trust fund. Deborah's parents won't guarantee payments on a credit card for Deborah because they don't think she will use it responsibly. Deborah is going to apply for a credit card because she wants one. Which credit card the best choice? O A student card O An affinity card O A secured card Why is that card the best choice? It's the only card she will probably qualify for. It will probably offer appealing promotions such as free music and movie tickets. O Both of these. 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 Lucia has a history of charging a lot on her credit card and doesn't carry a high monthly balance. Lucia loves cars and plans to trade in her cars every two years, if not more often, for new ones. Which credit card the best choice? O A reward card with an automobile rebate program O Any affinity card O A secured card Why is that card the best choice? Lucia's low monthly balances will protect her collateral. The high-charge volume will provide funding for Lucia's favorite political organization. The high-charge volume will provide points to use toward supporting Lucia's relatively expensive plans. Sharon graduated from school and is no longer a student. She 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? O A student card O A reward card with a frequent flyer program The affinity card sponsored by the alumni association Why is that card the best choice? O Sharon can use the reward card's points to fly to campus for homecoming O A portion of charges made with Sharon's student charge card will go to the alumni association O The alumni association will receive a portion of the card's profits Deborah just began her first year at a university and has no credit history. Deborah has no cash on hand but receives a small monthly stipend from a trust fund. Deborah's parents won't guarantee payments on a credit card for Deborah because they don't think she will use it responsibly. Deborah is going to apply for a credit card because she wants one. Which credit card the best choice? O A student card O An affinity card O A secured card Why is that card the best choice? It's the only card she will probably qualify for. It will probably offer appealing promotions such as free music and movie tickets. O Both of these

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