Question
What Did You Learn?
Question 10 of 10
Which is the best strategy for paying your credit card bill?
Pay the minimum payment every month
Pay half the balance every month.
Pay the entire balance every month.
Make no monthly payments at all.
Question 10 of 10
Which is the best strategy for paying your credit card bill?
Pay the minimum payment every month
Pay half the balance every month.
Pay the entire balance every month.
Make no monthly payments at all.
Answers
GPT-4o mini
The best strategy for paying your credit card bill is to **pay the entire balance every month**. This approach helps you avoid interest charges, maintain a good credit score, and manage your debt effectively. Paying the minimum or a partial balance can lead to accumulating interest and potentially increased debt over time. Making no payments at all can severely damage your credit score and result in additional fees and penalties.