Which is true about credit card repayment?(1 point) Responses You must pay the balance in full each month or your account will go to collections. You must pay the balance in full each month or your account will go to collections. You must pay the balance in full each month or the APR will go up. You must pay the balance in full each month or the APR will go up. You must pay the balance in full before the grace period ends if you want to avoid paying interest You must pay the balance in full before the grace period ends if you want to avoid paying interest You must pay the balance in full each month or the bank will take the card away.
1 answer
The correct statement about credit card repayment is:
You must pay the balance in full before the grace period ends if you want to avoid paying interest.
This means that if you want to avoid incurring interest on your purchases, you need to pay off your balance in full by the due date, which is typically before the end of the grace period.
