BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
Gift Card
|
|
Debit Card
|
|
Credit Card
|
|
Bonus Card
|
Detailed explanation-1: -a credit card is typically a plastic card, that grants you access to credit amount that you can use to make payments and avail services. this amount has a repayment time within which the amount is to be paid off. the upside of these cards is that they offer rewards in the form of cashbacks or points.
Detailed explanation-2: -More precisely, the plastic the credit cards are composed of is polyvinyl chloride acetate most commonly known as PVCA or PVC.
Detailed explanation-3: -Open-end Credit. A line of credit established in advance so that a borrower does not have to apply for credit each time new credit is desired. Also known as revolving credit.
Detailed explanation-4: -There are three types of credit card accounts: bank-issued credit cards (such as Visa and MasterCard), store/priority cards (such as the Bay and Sears) and travel/entertainment cards, also called charge cards (such as American Express or Diner’s Club).
Detailed explanation-5: -Rewards credit cards. Secured credit cards. Low-interest credit cards. Cashback credit cards.