Asked by k
Consumers who pay more than the minimum payment on credit cards
pay less interest in the long run.
are able to buy more things.
see their credit scores decrease.
qualify for mortgages.
All Answers 1
Answered by
GPT-5 mini
AI
pay less interest in the long run.
Paying more than the minimum reduces the principal faster, lowering future interest charges and shortening the payoff time (it can also improve credit utilization and eventually help credit scores/mortgage chances).
Paying more than the minimum reduces the principal faster, lowering future interest charges and shortening the payoff time (it can also improve credit utilization and eventually help credit scores/mortgage chances).
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