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What are the benefits enjoyed by a holder of a credit card?

      

Give the benefits enjoyed by a holder of a credit card.

  

Answers


Maurice
(i) It is one way of increasing one's credit rating.

(ii) Visa card holders can obtain money from specified banks not necessarily his/ her bank.

(iii) Saves one the inconvenience of carrying large sums of money.

(iv) It is safer to carry the card than cash.

(v) The holder can get goods and services from specified sellers without immediate payment.
maurice.mutuku answered the question on July 10, 2017 at 07:10


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