____________ provide predetermined credit limits to consumers at the time the cards are issued.
A) debit cards
B) ATM cards
C) credit cards
D) transfer cards

Question

Quizplus · Accepted Answer

Credit cards provide predetermined credit limits to consumers at the time the cards are issued, allowing them to borrow up to a certain amount of money from the card issuer. Debit cards are linked directly to a consumer's bank account and do not extend credit, while ATM cards only allow consumers to withdraw cash from their accounts. Transfer cards refer to balance transfer credit cards, which allow consumers to transfer their existing credit card balances to a new card with a lower interest rate.

____________ Provide Predetermined Credit Limits to Consumers at the Time