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What is the classification of credit according to purpose or use?
Wiki User
∙ 13y ago
a) investment credit- capital are on credit first; more on buying properties (lots).
b) agricultural credit- for farm improvement (usu. farmers only); loan for acquisition of farm utilities.
c) export credit- 4 parties: exporter, local bank, importer and local bank of the importer; need capitalization; payment is only bank to bank.
d) real estate credit- same with investment but limited to house and lots.
e) industrial credit- for purposes of mining, fishing, factories (usu. businessmen); excludes farmers.
Wiki User
∙ 13y ago
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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 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.
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What companies offer the best secured business credit cards?
According to the research there really are no secured business credit cards. But you can however apply for a secured credit card and then use it for your business.
What is each credit card feature matched with its purpose A Annual percentage rate B Balance transfer 1 To build a good credit rating 2 To use one credit card to pay off money owed on a different card?
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