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bazaltina [42]
3 years ago
15

Compare a store card with a credit card as a method of payment (5 marks)

Business
1 answer:
Genrish500 [490]3 years ago
5 0

Answer:

Store cards are credit cards that typically can only be used at specific stores. Retailers partner with banks to offer these revolving lines of credit to customers. Store cards encourage shoppers to purchase items on credit today and pay them off over time. The advantage for the store is that you’re locked into their ecosystem; the advantage for you is that you might receive offers that are exclusive to cardholders.

The main difference between a store card and a credit card is that where a store card can only be used at a specific store, a credit card can be used anywhere that credit cards are accepted.

Explanation:

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