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Patricia a standard cardholer uses her card for the first time and makes a 500 cash withdrawl. How much of her total credit limit remains?
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Identify the situation in which a restricted card can be issued?
- An individual does not meet the minimum credit requirements for a standard card. - An individual declines a credit check - The commanding officer requests a restricted card
Patricia a standard card holder uses her card for the first time and makes a 500 cash withdrawal How much of her credit limit remains?
This question does not supply enough information to be fully answered. It would depend on her contract and card limit. If her card limit was $1,000, her remaining limit would be $500. If her card limit was $700, her remaining limit would be $200. You would take whatever her total limit is, and subtract the amount she has withdrawn or used. If this were a debit card instead of a credit card, it would be however much she had deposited, minus the amount she has used or withdrawn. Some debit accounts require a minimum balance be kept in the account at all times.
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Identify the situation in which a restricted card can be issued?
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