Which of the Following Is a Disadvantage of Credit Cards

Each of the following is a disadvantage of using credit cards EXCEPT. Cash advances require a lot of paperwork and are generally difficult to get.

Kick Your Credit Card Debt In The Rear Chose Your Best Option And Then Say Bye Bye To Debt Paying Off Credit Cards Budgeting Money Credit Cards Debt

Often involves going into debt B.

. Interest free loan if balance is paid off monthly Please select the best answer from the choices provided. Cash advances are often the last thing to be paid when paying off your credit card. Asked Sep 23 2015 in Business by Kayla.

Which of the following is a disadvantage when a business accepts credit cards or debit cards from customers. B Risk of overspending. Credit cards increase the likelihood of impulse buying.

Cash advances are often the last thing to be paid when paying off your credit card. Cash advances often come with an interest rate much higher than your credit card. Often involves going into debt B.

The fees can become significant. Does not seem like spending real money D. The correct answer is B.

Finance questions and answers. D All of the above. B it is very easy to charge more than you can pay off each month.

Convenience overspending high interest rates annual fees penalties and credit card fraud. Cash advances require a lot of paperwork and are generally difficult to get. A banning the issuance of credit cards to persons under 18 unless the borrower can show proof that he or she can repay the credit card loans independently.

Credit cards generally come with interest and other fees that cash does not. Convenience safety purchase protection rewards history of purchase and building positive credit. Cash advances are similar to loans in that they need to be paid back with interest.

Higher interest rates than for credit cards. Credit cards require a good credit rating and. A They are accepted in most businesses with an ID.

So while credit card interest can certainly be a major expense its also one thats quite easy to avoid. Cash advances are often the last thing to be paid when paying off your credit card. A higher interest rate is charged on smaller purchases B.

High interest rates and increased debts. Which of the following is not a disadvantage to cash advances on a credit card. May cost more than.

Usually involves going into debt. The card is less convenient than cash D. Cash advances are similar to loans in that they need to be paid back with interest.

The disadvantages of credit cards. Cash advances require a lot of paperwork and are generally difficult to get. Which of the following is a disadvantage of using a credit card.

Each of the following is a disadvantage of using credit cards EXCEPT. Credit cards are liable to fraudand so is your business. Places a claim on future income C.

Encouraged to spend money you dont have as youre not required to pay off your balance each month. Each of the following is a disadvantage of using credit cards EXCEPT. Does not seem like spending real money D.

If a cashier fails to ask for proof of identity during the purchase youve lost cash and could have a major headache on your hands. It may be difficult to pay the balance each month C. At some point one of your customers will dispute a charge ask for a refund or make a different complaint about a paymentits the nature of consumer-retail relationships.

14 Which of the following is a disadvantage of using credit cards. If you should lose your debit card someone could still run it as a credit card instead. Interest payments arent the only cost of doing business with a credit card company.

Expert answered alvinpnglnn Points 12476. C They can be used for online purchases. Interest free loan if balance is paid off monthly Please select the best answer from the choices provided A B C D.

Which of the following is not a disadvantage to cash advances on a credit card. Easy to forget that each time a credit card is used debt is created. Credit cards can be.

A The business bears the responsibility of collecting cash from the customer. Which of the following is a disadvantage when a business accepts credit cards or debit cards from customers. Places a claim on future income C.

Too much debt might be difficult to repay Fees and interest may be charged for the use of credit cards can purchase things now and pay for them later. Which of the following is a potential disadvantage of using a credit card for day-to-day expenses. An annual fee is a payment charged once a year just for.

You cannot tell if your bank account will become overdrawn. B banning credit card issuers from locating themselves near campus defined as within 50 feet. Each of the following is a disadvantage of using cash EXCEPT.

Cash advances are similar to loans in that they need to be paid back with interest. Credit cards also hit you with fees for just about everything you can think of including the following. C Fees and charges may not be what you initially anticipated.

14 A Credit card fraud. D They can reduce the amount of cash you must carry on a trip. The credit card host might also charge additional monthly fees for equipment and maintenance.

The business checks customers credit ratings. As other pay systems credit cards have advantages and drawbacks some drawbacks include the fact that credit cards differ from real money usually imply the use of a debit card in which you use the money or your bank account to pay for services and the fact that using too much your credit card will have a negative effect on your bank account and income. A B C D.

Credit cards can be used to increase your credit score. Which of the following is a disadvantage of using debits cards over credit cards. Using the card frequently hurts ones credit score Answer.

The business pays a. B The business bears the risk of nonpayment by the customer.

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