Multiple choice

Spend now and pay later stands for

  1. ATM card

  2. credit card

  3. debit card

  4. electronic purse

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A credit card is a payment card issued to users (cardholders) as a method of payment. It allows the cardholder to pay for goods and services based on the holder's promise to pay for them. Thus, a user can spend at the moment and can pay later for the same.