American_Bankers_Association
CTFA · Question #255
About half of the credit cards are rebate cards, and new cards are introduced every day. In one credit card incentive program, a number of credit cards allow cardholder to earn annual rebates of up…
The correct answer is A. Automobile rebate 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, a number of credit cards allow cardholder to earn annual rebates of up to 5% for new car purchases or leases and gas and auto maintenance purchases up to specified limits.
Options
- AAutomobile rebate program
- BFrequent flyer program
- COther merchandise program
- DBalance transfer program
How the community answered
(60 responses)- A85% (51)
- B2% (1)
- C3% (2)
- D10% (6)
Topics
#automobile rebate#credit card incentives#rebate program#consumer credit
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