What is Credit Plan?
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It is an offer provided by the issuer to the merchants.
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It is the plan which specifies the credit limit set by the issuer for a customer.
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It is an offer provided by the merchants to the customer.
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It is an offer provided by the issuer to the customer.
A Credit Plan is an offer or scheme provided by the card issuer to the customer, often allowing them to convert large purchases into easy EMIs (Equated Monthly Installments) or avail special financing terms. Option A is incorrect because credit plans are customer-facing, not merchant offers. Option B refers to credit limits, which are separate from credit plans. Option C is wrong because credit plans originate from issuers, not merchants - they're financing options for customers.