Sara applied for a card at her favorite clothing store, and it can only be used for purchases at that store. what type of credit card did she apply for?

Question

Mathematics

Kimberly Lara

20 March, 08:39

Sara applied for a card at her favorite clothing store, and it can only be used for purchases at that store. what type of credit card did she apply for?

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Answers (1)

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Scarlet · Answer 1

Sara applied for store credit card.

Explanation:

Store credit cards are known as retail cards that are offered by some retailers and departmental stores. The store credit cards can be utilized for purchase only at those stores or their branches.

The user can avail lot of discounts with the store credit cards. But these kinds of credit cards charge high interest rates and they harm the credit score of the user.

In the above scenario, Sara applied the store credit card at her favorite clothing store and uses it for purchasing at that store.