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select all that apply disadvantages of travel and entertainment cards i…

Question

select all that apply
disadvantages of travel and entertainment cards include:

not being able to use them within 25 miles of your residence

a requirement for the payment to be made within 30 days

a requirement for the balance to be paid in full

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Explanation:

Brief Explanations

Travel and entertainment (T&E) cards differ from standard credit cards in key terms. They do not restrict usage near a user's residence. A core disadvantage is that they typically require the full monthly balance to be repaid, rather than allowing minimum payments over time. While some may have short payment windows, the defining requirement is full balance repayment, not a strict 30-day rule.

Answer:

  • a requirement for the balance to be paid in full