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Question : Which of the following is not a type of credit card?

 

Option 1: Visa card
 

 

Option 2: Mastercard
 

Option 3: Debit card

 

Option 4: American Express card


Team Careers360 22nd Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: Debit card


Solution : The correct answer is (c) Debit card

Debit cards are not considered credit cards. While debit cards are commonly issued by banks and financial institutions, they are linked directly to the cardholder's bank account and allow for the immediate deduction of funds during transactions. Unlike credit cards, which involve borrowing money from the issuer, debit cards facilitate the use of one's own funds for purchases and withdrawals.

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