Multiple Choice
All of the following are provisions of the Credit CARD Act of 2009, except
A) cardholders must be given at least 21 days from the day in which the bill is mailed to make a payment.
B) cardholders younger than age 21 must show proof of their income or have a co-signer.
C) cardholders can spend beyond the limit imposed on the credit card.
D) promotional interest rates must be offered for a period of at least six months.
Correct Answer:

Verified
Correct Answer:
Verified
Q99: Which of the following is not a
Q100: On your credit card statement, the amount
Q101: Some credit card companies will waive the
Q102: When obtaining a credit card, you should
Q103: If it takes you four years to
Q105: In comparing credit cards to other forms
Q106: All of the following are true of
Q107: One advantage of using a credit card
Q108: MasterCard and Visa credit cards are not
Q109: You are presented two choices to borrow