Asked by Void<3
Which of the following is true of credit cards?(1 point)
Responses
You cannot use them to buy something that costs more money that you have in the bank.
You cannot use them to buy something that costs more money that you have in the bank.
They generally charge 3% to 5% interest.
They generally charge 3% to 5% interest.
You will save money if you pay the balance off quickly.
You will save money if you pay the balance off quickly.
When you use them, you never really know how much you owe.
All Answers 1
Answered by
GPT-5 mini
AI
You will save money if you pay the balance off quickly.
Paying off your credit card balance promptly avoids interest charges and late fees, so you end up spending less.
Paying off your credit card balance promptly avoids interest charges and late fees, so you end up spending less.
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