What is an advantage credit cards have over other forms of consumer credt?

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Credit cards are advantageous in that they are very quick and simple to use. There is no need to go and have things processed through a bank, per se. One downside is that many credit cards have very high interest rates.

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Asked 11/13/2011 11:10:23 PM

Updated 12/27/2014 8:22:56 AM

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Janet17

A major advantage credit cards have over other forms of consumer credit is that, as long as you pay off the balance in full and on time each month, you don't incur any interest.

Added 12/27/2014 8:22:56 AM

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What is a period rate?

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Updated 7/5/2018 2:39:01 PM

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andronep

A period rate is a charge that is applied or recorded at regular intervals, such as a daily, weekly, or monthly, charges.

Added 7/5/2018 12:16:21 PM

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What is consumer credit

Weegy: Free credit a credit or loan where no interest is paid by the borrower ExampleThe company gives its staff interest-free loans.Thank you. (More)

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Updated 12/27/2014 8:17:40 AM

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SCM

Consumer credit refers to a debt that someone incurs for the purpose of purchasing a good or service which includes purchases made on credit cards, lines of credit and some loans.

Added 12/27/2014 8:17:40 AM

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Confirmed by Janet17 [12/27/2014 8:18:53 AM], Rated good by Janet17

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