<u>The correct option is (C).
</u>
The type of credit card we want to pay in full on time every time is <u>high credit limit and low interest.
</u>
Further Explanation:
Credit card:
It is a form of plastic card which is issued by any bank.A credit card is something a person borrows an amount initially from the banks of that card then, and the amount is paid back with interest, the credit card is used for many purposes like purchasing of products.
Justification for the correct and incorrect option:
A.
Low Credit Limit, High interest: This option is incorrect.
A credit cardholder always prefers to have a credit card that has a high credit limit and low interest to pay, not the low credit limit, and with high interest to be charged.
B.
Low Credit Limit, Low interest: This option is incorrect.
A credit cardholder always prefers to have a credit card that has a high credit limit and low interest to pay, and not with the low credit limit which has less value than the high credit limit card with low interest.
C.
High Credit Limit, Low interest: This option is correct.
A credit cardholder always prefers to have a credit card that has a high credit limit and low interest to pay. An ideal credit card is which is preferred by most of the customers so that the customers have to pay less interest for the credit card borrowing.
D.
High Credit Limit, High interest: This option is incorrect.
A credit cardholder always prefers to have a credit card that has a high credit limit and low interest to pay, not the high interest, which will make the person pay extra amount for that borrowed amount of the credit card.
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Answer Details:
Grade: High school
Chapter: Credit card
Subject: Business studies
Keywords:
The type of credit card you want to pay in full on time every time is low credit limit, high interest, low credit limit, low interest, high credit limit, low interest, high credit limit, high interest.
