Question

What is the difference between a charge card and a credit card?(1 point) Responses A charge card has zero interest while a credit card has a high interest. A charge card has zero interest while a credit card has a high interest. A charge card is issued by a bank while a credit card is issued by a merchant. A charge card is issued by a bank while a credit card is issued by a merchant. A charge card is paid off each month while a credit card has a revolving credit line. A charge card is paid off each month while a credit card has a revolving credit line. A charge card has a revolving line of credit while a credit card is paid off each month.

Answer 1

A charge card is paid off each month while a credit card has a revolving credit line.