Reference no: EM132784841

Question - Graduating from college two years ago, Marshall lives a solidly middle-income lifestyle. He's paying his student loans, his rent, and all of his other expenses on-time. He has 6 credit cards open already, each of which he signed up for because of introductory perks like 0% interest for the first year, free airline miles, and 20% off his first month's purchases at his favorite store. He pays his full balance each month and stops using the card once the initial features expire. He wants to open a 7th card that's offering free one-way flights to the Caribbean; he has enough money saved to pay for the return flight and other aspects of the vacation.

a) Should this person open a new credit card? Why or why not? You may not just say yes or no. You have to explain why or why not.

b) What evidence from their profile or assumptions are you basing your decision on?

c) What's one more piece of evidence you'd like to know about this individual before making an ultimate decision on whether they should open the account? You may not say no more evidence is needed.

d) If they do open the new credit card account, what's one thing this individual should monitor or use caution about? You may not say there is nothing they should monitor or be cautious about.