Responses
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 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 has a revolving line of credit while a credit card is paid off each month.
A charge card has a revolving line of credit while a credit card is paid off each month.
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.
1 answer
The correct response is:
A charge card is paid off each month while a credit card has a revolving credit line.
Charge cards typically require the balance to be paid in full every month, whereas credit cards allow for a balance to be carried over with the option to make minimum payments, often accruing interest on the remaining balance.
