Visa Installment & Red Installment

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| By Mahmoud

Mahmoud

Community Contributor

Quizzes Created: 1 | Total Attempts: 36

Questions: 10 | Attempts: 36 | Updated: Mar 20, 2023

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Questions and Answers

1.

Customer Can installment Payment By Visa CIB Debit Card
- A.
  
  True
- B.
  
  False
Correct Answer
B. False

Explanation
The given statement is incorrect. Customers cannot make installment payments using a Visa CIB Debit Card.

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2.

Red Installment Service interest .............. %
- A.
  
  10
- B.
  
  15
- C.
  
  20
Correct Answer
A. 10

Explanation
The correct answer is 10. This means that the interest rate for the Red Installment Service is 10%.

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3.

CIB Customer Can Installment over 24 months at 4% interest
- A.
  
  True
- B.
  
  False
Correct Answer
B. False

Explanation
The given statement is false. It states that a CIB customer can installments over 24 months at 4% interest. However, without any additional information or context, it is not possible to determine the accuracy of this statement.

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4.

Customer can make Installment For Any Handset Above .............. L.E with interest 0%
- A.
  
  5500
- B.
  
  6500
- C.
  
  6000
Correct Answer
C. 6000

Explanation
Customers have the option to make installment payments for any handset that costs above 6000 L.E with 0% interest. This means that if the handset costs 5500 or 6500 L.E, the customer will not be eligible for the installment payment plan with 0% interest. However, if the handset costs 6000 L.E or more, the customer can choose to pay in installments without any additional interest charges.

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5.

CIB Customer Can make Installment For 12 Months with 4.9% for handsets less Than 6000
- A.
  
  True
- B.
  
  False
Correct Answer
B. False

Explanation
The statement is false because it states that CIB customers can make installment payments for 12 months with a 4.9% interest rate for handsets less than 6000. However, the statement does not specify whether this offer is available or not. Therefore, we cannot assume that this statement is true.

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6.

If the total amount of handset installment is not available in visa, can customer make installment or not eligible to do anything
- A.
  
  True
- B.
  
  False
Correct Answer
A. True

Explanation
If the total amount of handset installment is not available in Visa, it means that the customer does not have enough funds in their Visa account to make the installment payment. Therefore, the customer would not be eligible to make the installment and would not be able to do anything in this situation. Hence, the statement "True" is correct.

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7.

The customer can install more than one phone on the same visa
- A.
  
  True
- B.
  
  False
Correct Answer
B. False

Explanation
The statement is false because a visa is a travel document or permit that allows an individual to enter, stay, or leave a particular country. It is not related to installing multiple phones. Therefore, the customer cannot install more than one phone on the same visa.

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8.

Red Installment Customer can pay more than 20% in the installment process
- A.
  
  True
- B.
  
  False
Correct Answer
A. True

Explanation
The statement is true because the Red Installment Customer is allowed to pay more than 20% during the installment process. This suggests that there is no maximum limit on the amount that can be paid in installments, allowing customers to have more flexibility in their payment options.

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9.

The customer can pay a phone of 6000 pounds for a year to the National Bank of Egypt with interest ......%
- A.
  
  0
- B.
  
  4.5
- C.
  
  4.9
Correct Answer
A. 0
10.

Customer red can make installment by red installment + red points + visa installment In the same process
- A.
  
  True
- B.
  
  False
Correct Answer
A. True

Explanation
The explanation for the given correct answer is that customer red has the option to make installment payments using a combination of red installment, red points, and visa installment. This means that they have multiple ways to pay for their purchases in installments, allowing for flexibility and convenience. Therefore, the statement "Customer red can make installment by red installment + red points + visa installment in the same process" is true.

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Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

Current Version
Mar 20, 2023

Quiz Edited by
ProProfs Editorial Team
Jan 27, 2020

Quiz Created by
Mahmoud

Visa Installment & Red Installment

Customer Can installment Payment By Visa CIB Debit Card

Red Installment Service interest .............. %

CIB Customer Can Installment over 24 months at 4% interest

Customer can make Installment For Any Handset Above .............. L.E with interest 0%

CIB Customer Can make Installment For 12 Months with 4.9% for handsets less Than 6000

If the total amount of handset installment is not available in visa, can customer make installment or not eligible to do anything

The customer can install more than one phone on the same visa

Red Installment Customer can pay more than 20% in the installment process

The customer can pay a phone of 6000 pounds for a year to the National Bank of Egypt with interest ......%

Customer red can make installment by red installment + red points + visa installment In the same process