Question

What is a pre-approved credit card?

A. Already approved for a pre-determined credit limit
B. Does not have a credit limit and has to be paid off each month
C. Can only be used to make purchases at the company issuing the credit card
D. Requires a security deposit to guarantee approval

Answer 1

A) already approved for a pre determined credit limit

Answer 2

Answer:

A. Already approved for a pre-determined credit limit.

Explanation:

You are only approved for a certain limit, which is decided by the bank. You are pre approved based on information you give them, and your past experiences in paying bills and loaning.