A _____, offered by companies such as American Express, carries no spending limit, and the entire amount billed to the card is due at the end of the billing period.

Question

Quizplus · Accepted Answer

The given description matches with that of a charge card, which is offered by companies like American Express. Charge cards have no spending limit and the entire amount charged to the card should be paid at the end of the billing period. Credit cards have a credit limit and allow carrying a balance, while debit cards are linked to a checking account and do not involve borrowing money. Smart cards are contactless cards that store data and require a reader to access the information.

A _____, Offered by Companies Such as American Express, Carries