What is the difference between a store credit card and an ordinary credit card?(1 point)

Question

Responses

An ordinary credit card can be used at only the business that issued it.
An ordinary credit card can be used at only the business that issued it.

Some store credit cards are co-branded with one of the major credit card networks.
Some store credit cards are co-branded with one of the major credit card networks.

An ordinary credit card allows you to pay with funds taken directly from your bank account.
An ordinary credit card allows you to pay with funds taken directly from your bank account.

A store credit card generally comes with a higher interest rate.

Answer 1

The correct response is:

Some store credit cards are co-branded with one of the major credit card networks.

Store credit cards are typically limited to use at the specific store or chain that issues them, while ordinary credit cards (like Visa, MasterCard, etc.) can be used at a wide range of retailers. Additionally, it's often true that store credit cards come with higher interest rates compared to regular credit cards. The statement about an ordinary credit card allowing payment from a bank account is not accurate; credit cards typically allow borrowing up to a credit limit rather than withdrawing directly from a bank account.