Question

Select the correct answer.

Credit cards and charge cards differ in two important ways. One is the method of payment. What is the other difference?

A. You can get a credit card from your bank but not a charge card.

в.
You have to pay interest on charge cards but not on credit cards.

C.
You have to pay interest on credit cards but not on charge cards.

Answer 1

C. You have to pay interest on credit cards but not on charge cards.

This is the other difference between credit cards and charge cards. With a credit card, you have the option to carry a balance from month to month and accrue interest on the unpaid balance. With a charge card, you must pay the balance in full each month, so interest charges do not apply