Question

question 5 of 13
what is one significant disadvantage of using a credit card?
select an answer from the options below.
a limited acceptance by merchants
b immediate deduction from a bank account
c not suitable for online transactions
d high interest rates and fees if not paid on time

Explanation:

Credit cards are widely accepted (so A is wrong), they don't immediately deduct from a bank account (debit cards do, so B is wrong). Credit cards are suitable for online transactions (so C is wrong). Credit cards have high - interest rates and fees if payments are late.

Answer:

D. High interest rates and fees if not paid on time