Questions and Answers
What is the purpose of credit card EMI?
To convert high-value credit card transactions into manageable installments
What does a secured credit card require from the cardholder?
A security deposit as collateral
How does a balance transfer work for credit cards?
It involves transferring outstanding balances from one credit card to another with lower interest rates
Which of the following is a common feature of add-on credit cards?
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What is a significant benefit of contactless payment with credit cards?
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In the context of credit card billing, what is a characteristic of card disputes and grievances?
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Study Notes
- The text provides an index with various topics related to credit cards.
- The topics include eligibility for credit card application, credit card delivery and tracking, credit card activation and controls, rates and charges, offers and rewards, contactless payment, add-on cards, credit card EMI, balance transfer, secured credit cards, transactions and limits, credit card billing and payments, and card disputes and grievances.
- Eligibility section discusses the application process for credit cards.
- Credit Card Delivery & Tracking section covers the process of receiving and monitoring the status of a newly issued credit card.
- Rates & Charges section provides information on various fees associated with credit card usage.
- Offers & Rewards section details the benefits and incentives offered by credit card companies.
- Contactless Payment section explains how contactless payment works with credit cards.
- Add-on Card section discusses the option to add additional cards to a primary account.
- Credit Card EMI section talks about the option to pay for purchases in installments.
- Balance Transfer section provides information on transferring outstanding balance from one credit card to another.
- Secured Credit Cards section explains how secured credit cards work and who may benefit from them.
- Transactions & Limits section discusses the process of making transactions and setting limits on credit card usage.
- Credit Card Billing & Payments section provides information on how to pay credit card bills and the various payment options available.
- Card Disputes & Grievances section explains the process of addressing disputes or grievances related to credit card usage.
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