A credit card is a line of credit that can be used to borrow money, option c explains the solution.
A credit card is a line of credit that can be used to borrow money to make purchases, transfer balances, and get cash advances, with the understanding that you will repay the money borrowed — plus any interest owed — at a later date.
Option c. The previous balance method will incur a $0.96 finance charge over the daily balance method.
Therefore, option c. explains the credit card.
Learn more about credit cards here:
https://brainly.com/question/2687245