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American_Bankers_Association

CTFA · Question #254

About half of the credit cards are rebate cards, and new cards are introduced every day. In one credit card incentive program card holder earn free frequent flyer miles for each dollar charged on…

The correct answer is B. Frequent flyer program. See the full explanation below for the reasoning.

Fiduciary and Trust Activities

Question

About half of the credit cards are rebate cards, and new cards are introduced every day. In one credit card incentive program card holder earn free frequent flyer miles for each dollar charged on his/her credit card. These frequent flyer miles can then be used with airline-affiliated programs for free tickets, first 璫lass upgrades, and other travel related benefits. This program is a/an:

Options

  • AAutomobile rebate program
  • BFrequent flyer program
  • CMerchandise program
  • DBalance transfer program

How the community answered

(50 responses)
  • A
    4% (2)
  • B
    84% (42)
  • C
    2% (1)
  • D
    10% (5)

Topics

#frequent flyer program#credit card rewards#airline miles#rebate cards

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