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Question : Which of the following is a feature of a credit card?

Option 1: High interest rate
 

 

Option 2: No credit limit
 

Option 3: No annual fee

 

Option 4: No penalty for late payment


Team Careers360 11th Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: No annual fee


Solution : The correct answer is (c). No annual fee

Credit cards are a type of payment card that allows users to borrow funds from a financial institution (usually a bank) to make purchases or withdraw cash up to a certain credit limit. While credit card terms and conditions can vary, it is common for credit cards to have an annual fee.It's worth noting that credit card features can vary depending on the specific card and the terms and conditions set by the credit card issuer.

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