30 Views

Question : Which of the following is not a type of credit card?

 

Option 1: Visa card
 

 

Option 2: Mastercard
 

Option 3: Debit card

 

Option 4: American Express card


Team Careers360 22nd Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: Debit card


Solution : The correct answer is (c) Debit card

Debit cards are not considered credit cards. While debit cards are commonly issued by banks and financial institutions, they are linked directly to the cardholder's bank account and allow for the immediate deduction of funds during transactions. Unlike credit cards, which involve borrowing money from the issuer, debit cards facilitate the use of one's own funds for purchases and withdrawals.

Related Questions

Chandigarh University Admissi...
Apply
Ranked #1 Among all Private Indian Universities in QS Asia Rankings 2025 | Scholarships worth 210 CR
Amity University, Noida Law A...
Apply
700+ Campus placements at top national and global law firms, corporates, and judiciaries
Amity University, Noida BBA A...
Apply
Ranked amongst top 3% universities globally (QS Rankings)
UPES | BBA Admissions 2025
Apply
#41 in NIRF, NAAC ‘A’ Grade | 100% Placement, up to 30% meritorious scholarships | Last Date to Apply: 28th Feb
MAHE Manipal M.Tech 2025
Apply
NAAC A++ Accredited | Accorded institution of Eminence by Govt. of India | NIRF Rank #4
Sanskriti University LLM Admi...
Apply
Best innovation and research-driven university of Uttar Pradesh
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books