Question
What Did You Learn?
Question 7 of 10
What is a reason to pay more than the minimum payment due on your credit statement each month?
السر
You save money on interest.
Your credit utilization rate stays the same.
It takes more time to pay off a balance.
It hurts your creditworthiness.
Question 7 of 10
What is a reason to pay more than the minimum payment due on your credit statement each month?
السر
You save money on interest.
Your credit utilization rate stays the same.
It takes more time to pay off a balance.
It hurts your creditworthiness.
Answers
GPT-4o mini
The correct answer is: **You save money on interest.**
Paying more than the minimum payment due reduces the overall balance more quickly, which in turn reduces the amount of interest you will pay over time.
Paying more than the minimum payment due reduces the overall balance more quickly, which in turn reduces the amount of interest you will pay over time.