FA Credit Adviser Practice Questions - Financial Academy Credit Adviser Professional Exam (CAPE) (Saudi Arabia) Exam

How does a charge card differ from a credit card under SAMA card definitions?

A charge card never has a credit limit The charge cardholder must repay the full outstanding amount upon receipt of the statement or by the due date A charge card can only be used internationally A charge card is the same as a prepaid card

Correct Answer:

The charge cardholder must repay the full outstanding amount upon receipt of the statement or by the due date

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