Factors that may discourage the use of credit cards as terms of payment

Factors that may discourage the use of credit cards as terms of payment

  • The holders are charged high interest rates by the card company.
  • Their use is limited to specific areas
  • Only few businesses accept the cards
  • They are prone to abuse through fraud.
  • The buyer may be tempted to overspend.
  • Acquisition process is long.





credit-card-terms-explained


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