Credit cards and charge cards differ in two important ways. One is the method of payment. What is the other difference? A. You earn interest when you use a credit card but not a charge card. B. You have to pay interest on credit cards but not on charge cards. C. You have to pay interest on charge cards but not on credit cards. D. You earn interest when you use a charge card but not a credit card. Reset Next

Question

02-06-2022
Mathematics

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Credit cards and charge cards differ in two important ways. One is the method of payment. What is the other difference? A. You earn interest when you use a credit card but not a charge card. B. You have to pay interest on credit cards but not on charge cards. C. You have to pay interest on charge cards but not on credit cards. D. You earn interest when you use a charge card but not a credit card. Reset Next

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The difference is "You have to pay interest on credit cards but not on charge cards" , Option B

What are Credit Cards ?

The cards is a financial tool generally issued by banks which let you to borrow money for expenses and make payments afterward in installments.

Credit cards and charge cards differ in two important ways. One is the method of payment

The other difference is

You have to pay interest on credit cards but not on charge cards, as in credit card the person gets lot of time for the payment and the payment can be made in installments and so for this facility extra charge in terms of interest.

Therefore Option b is the correct answer.

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