Question

Credit cards are used for cash payments. (State with reason whether the given statement is true or false)

Answer 1

I think that it would be true because in some places credit cards are accepted by shopkeepers for cash payment

Answer 2

Answer:

Yes, we can use credit for cash payments. We can use credit cards for online transactions, on shops, for balance transfer and balance taking out(it is also known as a cash advance or cash withdrawal) from ATMs. People are using credit cards for getting so many benefits, like rewards and points, sign up bonus, building credit, Insurance, cashback, Use during an emergency, etc.