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 each month or the bank will take the card away.
You must pay the balance in full each month or the bank will take the card away.
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
1 answer
The correct statement regarding 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 to avoid accruing interest charges on your purchases, you need to pay off your outstanding balance within the grace period, which is typically the time between the end of your billing cycle and the due date for that payment.
