Customers with credit cards with no balance are more likely to have high assets and medium-low debt.
What do you mean by Credit card?
- A credit card is a small rectangular or metal piece of paper issued by a bank or financial services company, which allows cardholders to borrow money to pay for goods and services from merchants who accept cards to pay.
- Customers who are more likely to have medium and low credit often use credit cards, but do not leave a balance. They also have a savings account and a retirement account.Thus, Customers with have credit cards with no balance are more likely to have high assets and medium-low debt.
To learn more about credit card refer
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