Question

Which of the following is a feature of a credit card?

A: more flexibility
B: purchases are automatically deducted
C: requires a linked bank account
D: similar to cash

Answer 1

C

Explanation:

The main characteristics or features of credit card are listed as follows:

Alternative to cash.

Credit limit.

Aids payment in domestic and foreign currency.

Record keeping of all transactions.

Regular charges.

Grace period or grace days.

Higher fees on cash withdrawals.

Additional charges for delay in payment.

Service tax.

Bonus points.

Gifts and other offers.

Answer 2

The answer would be C