Question

What type of consumer qualifies for the Commercial Credit Card, and what are the card's benefits?

A) Individuals looking to build their personal credit.
B) Small business owners and entrepreneurs.
C) Students seeking a credit card for educational expenses.
D) Retirees looking for a card to fund their hobbies and leisure activities.

Answer 1

A Commercial Credit Card is designed for small business owners and entrepreneurs, offering benefits such as higher credit limits, specialized rewards, and expense tracking tools. The type of consumer that qualifies for a Commercial Credit Card is B) Small business owners and entrepreneurs.

Step-by-step explanation:

The type of consumer that qualifies for a Commercial Credit Card is B) Small business owners and entrepreneurs. This type of credit card is specifically designed for businesses to manage their expenses and cash flow. The benefits of a Commercial Credit Card include:

• Access to a higher credit limit compared to personal credit cards
• Specialized business rewards and discounts
• Expense tracking and management tools
• Ability to separate business and personal expenses
• Opportunity to build a business credit history