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The RBI has notified that late payment charge on a credit card is levied only if user fails to pay within how many days from the due date?

The RBI has notified that late payment charge on a credit card is levied only if user fails to pay within how many days from the due date? Amazon Quiz answer


Credit Card Bill Quiz
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Credit Card Bill Quiz

Q1: The RBI has notified that late payment charge on a credit card is levied only if user fails to pay within how many days from the due date?

  • 1
  • 2
  • 3
  • 4

Answer (C) : 3

Q2: A credit card company sets limits on how much one can charge on a credit card. This is based on the user’s ability to handle what?

  • Equity
  • Debt
  • Office work
  • Education

Answer (B) : Debt

Q3: The billing cycle for a credit card is the period between two consecutive _ dates. Fill in the blanks

  • Statement
  • Transaction
  • Payment
  • Due

Answer (A) : Statement

Q4: In 1958, American Express launched their first charge card in which two countries?

  • USA and UK
  • USA and Germany
  • UK and Canada
  • USA and Canada

Answer (D) : USA and Canada

Q5: In 1983, Mastercard became the first company to introduce what security feature to its credit cards?

  • Laser Hologram
  • EMV Chip
  • Expiration Date
  • CVV

Answer (A) : Laser Hologram

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There are a total of 25(twenty five) Prize(s) that will be given under this Contest. The Prize will be delivered to the winner on or before 21st May, 2021

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Odds of winning depend on the number of eligible entries received. Eligible entries are ones that satisfy the eligibility criteria outlined above and follow the steps outlined in the ‘Details of the Contest and the How to Enter’ section above.


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