Banking · Cards
How does a credit card differ fundamentally from a debit card?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It allows the cardholder to borrow from the issuing entity up to a sanctioned limit✓
- 2It requires full settlement immediately after every transaction
- 3It is always linked to the cardholder's savings account
- 4It provides access only to prepaid funds stored in the card
Correct answer
It allows the cardholder to borrow from the issuing entity up to a sanctioned limit
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