8) Which of the following may be a feature of some credit cards?

A) Cosigner

B) Lower interest rates than credit unions

C) Cash advances

D) No minimum monthly payment

Question

Business

Babykins

14 April, 19:56

8) Which of the following may be a feature of some credit cards?

A) Cosigner

B) Lower interest rates than credit unions

C) Cash advances

D) No minimum monthly payment

+1

Answers (2)

Know the Answer?

Lincoln Cochran · Answer 1

Lincoln Cochran 14 April, 20:03

0

It maybe would be C or D

Gabriella Crane · Answer 2

The correct answers are letters "A" and "C": Cosigner; Cash advances.

Explanation:

People with negative or poor credit history find it difficult to obtain credit directly. Most financial institutions may require them to include a cosigner in the application so the credit could be approved. The cosigner must be a person with good credit history and becomes legally responsible for the debt if the primary account holder is not able to make the payment.

Cash advances are provided as a feature in credit cards usually up to the credit limit of the customer or a percentage of it determined by the bank issuing the credit card.

8) Which of the following may be a feature of some credit cards?A) CosignerB) Lower interest rates than credit unionsC) Cash advancesD) No minimum monthly payment

8) Which of the following may be a feature of some credit cards?

A) Cosigner

B) Lower interest rates than credit unions

C) Cash advances

D) No minimum monthly payment