Which of the following statements correctly describes the difference between a bank line of credit and a credit card? There is no cost to securing a bank line of credit but there is for a credit card. O The interest rate charged on a bank line of credit is typically higher than the rate charged on a credit card. The bank line of credit is quite similar to the credit card during the draw period, however, it becomes a fully amortized loan during the repayment period. O The credit card offers a pre-approved credit limit, while the bank line of credit changes in response to changes in the FICO credit score