All of the following are disadvantages of proprietary credit cards, except
A) your purchases are limited to a single merchant per card.
B) you may need several credit cards.
C) you receive several billing statements.
D) it takes considerable time to process your application to allow you to begin obtaining credit.

Question

Quizplus · Accepted Answer

Proprietary credit cards, often issued by specific retailers or companies, typically allow for quick processing and approval, contrary to the suggestion that application processing is considerably time-consuming. This is in contrast to general-purpose credit cards, where the application and approval process might be more rigorous and time-consuming due to broader credit checks and financial assessments.

All of the Following Are Disadvantages of Proprietary Credit Cards