When a customer requests an extension of Credit Card limit, the Credit Card Company makes the decision based on the customers bill payment history. Which rule can be used to retrieve the customers bill payment history?

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

When a customer requests an extension of Credit Card limit, the Credit Card Company makes the decision based on the customer’s bill payment history. Which rule can be used to retrieve the customer’s bill payment history?

A	Declare expression
B	Data transform
C	Report definition
D	Database rule

Explanation:

Detailed explanation-1: -A credit limit is the maximum amount of money a lender will allow you to spend on a credit card or a line of credit. Knowing your maximum, however, does not mean it’s a good idea to reach it.

Detailed explanation-2: -Most companies check your credit report and gross annual income level to determine your credit limit. Factors that issuers are likely to consider include your repayment history, the length of your credit history, and the number of credit accounts on your report. The underwriting process varies from company to company.

Detailed explanation-3: -According to RBI rules, it is mandatory for credit card companies to honour any request for the closure of a credit card. It has to be done within seven days provided the customer has paid all dues.

Detailed explanation-4: -Customer Credit limit in general refers to the maximum amount of credit that a financial institution can extend to a prospective customer which can then be leveraged by an underwriter while funding an application.

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