ECONOMICS (CBSE/UGC NET)

ECONOMICS

CREDIT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
You have a choice between two credit cards:American Express 8.99% or Chase Sapphire 12.99%. Which card offers the better rate?
A
Chase Sapphire
B
American Express
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Being able to earn more than double the value on dining and grocery spending is a game-changer, and the Amex Gold card offers many other benefits. However, the Chase Sapphire Preferred card has a lower annual fee, better travel insurance, and the ability to earn 5x points on Lyft purchases.

Detailed explanation-2: -American Express is good because its credit cards offer customers a wide selection of bonus rewards in popular purchase categories. American Express credit cards also have an assortment of lucrative welcome offers, introductory 0% APR offers, and luxury travel benefits.

Detailed explanation-3: -If you are comparing cards, look at how long the introductory rate lasts as well as the interest rate it changes to at the end of the introductory period. loyalty points or rewards. The points add up depending on the amount you spend and you can then use them to buy goods. Sometimes this is in particular shops.

Detailed explanation-4: -Bonus rewards on dining, supermarkets and certain travel. The American Express® Gold Card earns: A sizable welcome offer. Flexible reward redemptions. $120 Dining credit. Up to $120 a year in Uber cash. $100 resort credit. Presale and preferred event tickets. No foreign transaction fees. More items •16-Feb-2023

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