In 1966, a group of banks from which US state founded the Interbank Card Association that ultimately launched the Mastercard?

Amazon The Credit Card Quiz Answers

In 1966, a group of banks from which US state founded the Interbank Card Association that ultimately launched the Mastercard?

The Correct Answer is California. In 1966, a group of banks from California, founded the Interbank Card Association that ultimately launched the Mastercard.

Mastercard was formed by an alliance of numerous regional bankcard organisations in response to Bank of America’s BankAmericard, which subsequently became Visa Inc.’s Visa credit card. It was initially known as Interbank from 1966 to 1969 and Master Charge from 1969 to 1979.

Question 1: With regards to credit card payments, what is the full form of APR?

Answer: Annual Percentage Rate

Question 2: Amount of credit used compared to the amount of credit available is measured by a term known as CUR. Expand CUR?

Answer: Credit utilization rate

Question 3: In 1946, John Biggins launched the _____ card. Purchases through this were forwarded to Biggins’ bank. Fill in the blanks?

Answer: Charg-It

Question 4: In 1966, a group of banks from which US state founded the Interbank Card Association that ultimately launched the Mastercard?

Answer: California

Question 5: Can you pay your credit card bill on Amazon?

Answer: Yes

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