If a Credit Card Is Issued to a Consumer Under

question 13

Multiple Choice

If a credit card is issued to a consumer under the age of 21 the credit card company is required to:

• A) obtain the signature of a cosigner who has the means to repay any debt.
• B) to give a 60 day notice before making any rate hikes.
• C) notify the card holders parents so they can monitor their child.
• D) set reasonable spending limits