Question 1 – The RBI has notified that late payment charge on a credit card is levied only if user fails to pay within how many days from the due date?
Answer 1 – 3
Question 2 – A credit card company sets limits on how much one can charge on a credit card. This is based on the user’s ability to handle what?
Answer 2 – Debt
Question 3 – The billing cycle for a credit card is the period between two consecutive _____ dates. Fill in the blanks
Answer 3 – Statement
Question 4 – In 1958, American Express launched their first charge card in which two countries?
Answer 4 – USA and Canada
Question 5 – In 1983, Mastercard became the first company to introduce what security feature to its credit cards?
Answer 5 – Laser Hologram