Question

Credit cards and charge cards differ in two important ways. One is the method of payment. What is the other difference?

A. You can get a credit card from your bank but not a charge card.
B. You have to pay interest on charge cards but not on credit cards.
C. You have to pay interest on credit cards but not on charge cards.

Answer 1

I think the correct answer from the choices listed above is option C. Credit cards and charge cards differ in many ways. One of which is the method of payment where you have to pay interest on credit cards but not on charge cards. Hope this answers the question.

Answer 2

The correct answer is:

C) You have to pay interest on credit cards but not on charge cards.

Step-by-step explanation:

A charge card is a card in which you are required to pay the balance in full every month. Because of this, there is no charge that accrues from month to month, so there is nothing to charge interest on.