Which of the following is true of store credit cards?%0D%0A%0D%0A(1 point)%0D%0AResponses%0D%0A%0D%0AThey are co-branded with Visa, MasterCard, or American Express.%0D%0AThey are co-branded with Visa, MasterCard, or American Express.%0D%0A%0D%0AYou can use them anywhere.%0D%0AYou can use them anywhere.%0D%0A%0D%0AMost give you 28 days before they start to accrue interest.%0D%0AMost give you 28 days before they start to accrue interest.%0D%0A%0D%0AThey usually have interest rates of 5 to 10 percentage points higher than those of ordinary credit cards.

Question

GPT-4o mini · Answer

The statement that is true regarding store credit cards is:

They usually have interest rates of 5 to 10 percentage points higher than those of ordinary credit cards.

Store credit cards typically have higher interest rates compared to general credit cards. The other options are generally not true: store credit cards are usually not co-branded with Visa, MasterCard, or American Express, they are typically limited to use at specific stores, and while the grace period may vary, it's not universally set at 28 days.