Which of the following is an advantage of maintaining a good credit score?
A. Credit card companies offer more points in their rewards system
B. Greater chance of receiving a loan with a low interest rate
C. Receive higher interest rates on money in a savings account
D. Stocks can be purchased at a lower price

Question

GinnyAnswer · Answer

A good credit score increases the likelihood of securing loans at low interest rates, providing significant long-term savings. It reflects positively in financial decisions and opportunities. Other options listed do not directly benefit from a good credit score. ;

Answered by GinnyAnswer | 2025-07-04

Anonymous · Answer

The correct answer to the question is option B: a greater chance of receiving a loan with a low interest rate. Maintaining a good credit score significantly increases the likelihood of obtaining loans at lower interest rates, which can save borrowers a considerable amount over time. Other options listed do not directly relate to the benefits of a good credit score. 
 ;

Answer (2)

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