Credit cards are offered by banks to its costumers who have good credibility which allows them to do purchases and the amount be given by the banks that they will have to return to the bank on a later date.
Terms and conditions
- The terms and conditions of credit card involves the limit of credit amount and the time within which the amount has to be returned,
- It also contains the consequences of non payment of bills of credit cards.
- The terms and conditions has nothing to do with the "Schuyler Box"
Hence the statement given in the question is false.
learn more about credit cards here:
brainly.com/question/1113886
