When there is a fundraiser at school, it is much easier to pay with a ..... instead of handing a student cash or my credit card information.

BANKING GENERAL KNOWLEDGE

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

When there is a fundraiser at school, it is much easier to pay with a ____ instead of handing a student cash or my credit card information.

A	Overdraw
B	Withdraw
C	Check
D	Savings

Explanation:

Detailed explanation-1: -Paying with cash vs. credit helps you keep your debt in check. It can be easy to get into debt, and not so easy to get out of it. In addition to paying more in total for purchases over time, you’re also accumulating more debt if you don’t pay your bills off from month to month.

Detailed explanation-2: -Credit Cards Can Be a Safe Bet In the credit vs. cash argument, credit comes out on top in safety and security for five main reasons: Cash lost is gone forever. Credit cards have strong fraud protection.

Detailed explanation-3: -Using cash means missing out on perks and rewards provided by some credit cards. In addition, most credit cards provide consumer protection, giving you a way to recoup your money if you buy something defective or pay for a service that doesn’t meet your standards. You won’t get this when you pay with cash.

Detailed explanation-4: -Interest-free credit: A Credit Card comes with a grace period between purchase and payment (could be up to 50 days) during which the bank does not charge any interest. This is a perfect example of buy now and pay later. Rewards: Every time you pay using an HDFC Bank Credit Card, you earn Rewards.

There is 1 question to complete.