1. Which one of the following strategies will result in your paying NO interest to the credit card company?

Paying the minimum monthly payment due each billing cycle

Paying the entire credit card bill in full by the end of each calendar year

Paying off your entire balance every month by the due date

Only using your credit card for purchases, not for withdrawals from the ATM

Question

whatchamoc whatchamoc

04-05-2022
Business

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1. Which one of the following strategies will result in your paying NO interest to the credit card company?

Paying the minimum monthly payment due each billing cycle

Paying the entire credit card bill in full by the end of each calendar year

Paying off your entire balance every month by the due date

Only using your credit card for purchases, not for withdrawals from the ATM

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mahima6824soni mahima6824soni · Answer 1 · 2022-05-10T14:29:55+02:00

One of the following strategies will result in your paying NO interest to the credit card company is paying off your entire balance every month by the due date.

What is a credit card?

Credit cards provide you with a line of credit that you can use for purchases, debt transfers, and/or cash advances, with the requirement that you repay the loan amount over time.

When using a credit card, you must make at least the minimum payment on the debt each month by the due date.

Thus, the correct option is C, paying off your entire balance every month by the due date.

Learn more about credit card

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