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Exam CTFA topic 1 question 277 discussion

Actual exam question from ABA's CTFA
Question #: 277
Topic #: 1
[All CTFA Questions]

About half of the credit cards are rebate cards, and new cards are introduced every day. In one credit card incentive program card holder earn free frequent flyer miles for each dollar charged on his/her credit card. These frequent flyer miles can then be used with airline-affiliated programs for free tickets, first ""class upgrades, and other travel related benefits. This program is a/an:

  • A. Automobile rebate program
  • B. Frequent flyer program
  • C. Merchandise program
  • D. Balance transfer program
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Suggested Answer: B 🗳️

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