Which of the following is true of store
credit cards?
(1 point)
They are co-branded
• with Visa, MasterCard, or American Express.
You can use them anywhere.
Most give you 28 days
• before they start to accrue interest.
They usually have interest rates of 5 to 10
• percentage points higher than those of ordinary credit cards.
They usually have interest rates of 5 to 10 percentage points higher than those of ordinary credit cards.
The true statement about store credit cards from the options provided is:
- They usually have interest rates of 5 to 10 percentage points higher than those of ordinary credit cards.
The true statement about store credit cards among the options provided is that they usually have interest rates of 5 to 10 percentage points higher than those of ordinary credit cards.
To confirm this information, one way to find the answer is by researching information about store credit cards. Here is a step-by-step guide on how to conduct the research:
1. Open a web browser and go to a search engine like Google.
2. In the search bar, type in "store credit card interest rates" or a similar search query.
3. Review the search results for reliable sources providing information on store credit cards.
4. Look for reputable financial websites, credit card comparison sites, or articles from trusted sources.
5. Click on the search results that seem to answer the question and provide information on store credit card interest rates.
6. Read the relevant information presented in the sources and look for specific details about the interest rates of store credit cards.
7. Compare the interest rates of store credit cards to those of ordinary credit cards to confirm if the statement is true.
By following these steps, you should be able to find credible information that confirms that store credit cards typically have interest rates of 5 to 10 percentage points higher than ordinary credit cards.