Question

which of the following determine the type of credit card issued to a customer 1. None of the options are correct 2. Number of family members the customer has 3. Number of debit cards the customer has 4. The customer's credit score​

Answer 1

Answer:

Number of family members the customers has

Answer 2

The customer's credit score determines the type of credit card issued to a customer. (option 4)

What is a credit card?

• A credit card is a card issued by banks to their customer to allow them to pay for goods with borrowed money.

• The payment is carried out over the agreement that the customer will pay back the amount and additional charges to the bank.

What is a credit score?

• The credit score is a measure of the creditworthiness of the customer.

• In India, it is a score between 300-900 that helps banks decide whether a customer will be able to pay back their loans.

• Thus, it plays a crucial role in securing credit cards, loans, mortgages, etc.

• The higher the credit score, the more reliable is the customer.

Hence, the correct option is 4. The customer's credit score.