Mr. Jenkins will purchase a riding lawnmower that costs $1,350. The store offers no interest if he uses the store credit card and the balance is paid in full within one year. PLS HELP

Complete question is;

Mr. Jenkins will purchase a riding lawnmower that costs $1,350 The store offers no interest if he uses the store credit card and the balance is paid in

full within one year. He has $1,500 in his checking account. Compare the

advantages and disadvantages to using either a debit card or a credit card.

Advantages & disadvantages given below

Step-by-step explanation:

Advantages;

1. They have low fees; for example almost all store credit cards don't charge annual fees but instead they promote some very good offers.

2. Possibility of having discounts from retailers; because majority of retailers usually love promoting their credit cards because it helps them ensure they save more money and they hold on to this principle judiciously. For example there could be discounts upon first purchase or when you shop at target stores which they offer.

3) Majority of store credit cards offer a lot of benefits for members. For, owners of store credit cards could be offered the option of returning purchased items without presenting the receipt. There could also be I stances where they are giving free shipping of their products or they could be exposed to some good favorable payment plans.

Disadvantages;

1. Their credit limits are usually far lower than those of credit and debit cards.

2. Other cards give more flexible discount and reward system to its customers. This includes cash back or giving the incentive of earning more points when they spend beyond a certain amount.

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