credit card
The issuer pays the merchant and bills the cardholder. This topic is part of Personal Finance within Government & Society. This page currently draws on 4 supporting questions, with answers and bonus facts available below.
credit card trivia questions
A credit card lets a user borrow money to make what?
Answer: Purchases
Bonus fact: The issuer pays the merchant and bills the cardholder.
If a credit-card balance is not paid in full, what may be charged?
Answer: Interest
Bonus fact: Interest can make revolving balances expensive.
What does a credit limit represent?
Answer: Maximum amount of credit generally available
Bonus fact: Available credit falls as the card balance rises.
How does a debit card differ from a credit card?
Answer: Debit usually spends deposited funds rather than borrowing
Bonus fact: Debit cards are linked directly to deposit accounts.