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What is an advantage credit cards have over other forms of consumer credt?
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.
Expert answered|krissy992|Points 0|
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Asked 11/13/2011 11:10:23 PM
Updated 12/27/2014 8:22:56 AM
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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 45 days ago|7/5/2018 2:39:01 PM
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A period rate is a charge that is applied or recorded at regular intervals, such as a daily, weekly, or monthly, charges.
Added 45 days ago|7/5/2018 12:16:21 PM
This answer has been confirmed as correct and helpful.
Confirmed by Masamune [7/5/2018 2:39:00 PM], Masamune [7/5/2018 2:39:00 PM], Rated good by Masamune
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