Retail charge cards are cheaper than credit cards provided by financial institutions.

Name: Retail charge cards are cheaper than credit cards provided by financial institutions.
Brand: Quizplus
Rating: 4.9 (53 reviews)

Question

Quizplus · Accepted Answer

This statement is false. Retail charge cards often have higher interest rates and fees than credit cards from financial institutions. Additionally, unlike credit cards from financial institutions, retail charge cards can only be used at specific retailers.

Retail Charge Cards Are Cheaper Than Credit Cards Provided by Financial