BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
When you sign up for a credit card you will get a lengthy document explaining things, it is the
A
lease
B
title
C
after math document
D
terms of agreement
Explanation: 

Detailed explanation-1: -A cardholder agreement is a legal document outlining the terms under which a credit card is offered to a customer. Among other provisions, the cardholder agreement states the annual percentage rate (APR) of the card, as well as how the card’s minimum payments are calculated.

Detailed explanation-2: -The rules of your credit card are outlined in your credit card agreement, a type of contract that outlines the terms, conditions, pricing, and penalties of the credit card.

Detailed explanation-3: -A credit card statement is an official document from our bank that provides a detailed list of payments, fees, interest and cash advances from a certain period to keep customers informed about their card activity.

Detailed explanation-4: -The Cardholder Agreement details the terms and conditions of your credit card account and includes information such as the rate, fees, and other cost information associated with the account.

There is 1 question to complete.