answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What are two examples of the purpose of credit providing long term benefits?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance
Related questions

What is the advantage of using a credit union rather than a bank to save money?

A credit union is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members.


What is a single purpose credit card?

A single-purpose credit card is one that can be used in one store or chain of stores for one specific purpose. Examples: Cards issued by a department store such as J.C Penney or a gasoline company such as Citgo


What are the main benefits of having a First Premier Bank credit card?

There are several main benefits of having a First Premier Bank credit card. Examples would include eligibility when having less than perfect credit, and 24/7 account access.


What is the purpose for a credit card?

Credit cards are issued for the purpose of providing convenience when making purchases. There are instances that bringing cash is burdensome or dangerous and using credit card for payment is more practical. Also, a cardholder is provided a credit line. Therefore, even if the cardholders has no cash on hand, he can still make the purchase with the use of the credit card.


What is the purpose of a forum credit union?

A credit union is a financial institution to benefit people of a certain group. Forum Credit Union benefits people in the Indianapolis area. It provides loans and financial advice.


What is the purpose of credit card programs?

The purpose of credit card programs is to add an incentive to keep using the credit card. Additionally, credit card companies will use credit card programs to make sure that customers pay on time and do not accumulate too much debt. If the customer abides by these rules, he or she will enjoy greater financial benefits.


What benefits can credit cards offer gives?

It helps your credit score, and has benefits. The more you use a credit card the more benefits and your credit rises. The better the credit score the more likely credit card companies will contact you.


Where can I find a company providing new business credit cards?

Mostly all banks will offer and provide business credit cards, which will provide you with greater benefits than credit cards for individuals. You can check Capital One, Chase, and Bank of America to start.


What are the benefits of co-branded credit cards?

The benefits of co-branded credit cards include more profits and advertising indirectly for corporations and it also establishes customer loyalty. The primary benefit for consumers is getting reward benefits from the business partner for using the card, such as travel miles. Some examples of co-branded credit cards include the Jet Airways Visa and the Shell Gasoline MasterCard.


Is there a list providing comparisons of the various business credit card providers?

Almost all credit card companies offer business credit card services. However, I would recommend Visa or MasterCard because they are both very big credit card companies that provide great benefits when a business credit card account is activated.


How do you credit a person for providing a concept in a manual?

You credit a person providing a concept in a manual by checking that his work is original and not plagiarised at all.


What is the purpose of a credit rating?

The purpose of a credit rating is to determine a person's creditworthiness.