Interest begins accruing the date of the transaction except for _____.

(1 point)
Responses

mortgages
mortgages

credit card purchases
credit card purchases

credit card cash advances
credit card cash advances

auto loans

1 answer

Interest begins accruing the date of the transaction except for credit card purchases. Many credit cards offer a grace period during which interest does not accrue if the balance is paid in full by the due date. However, if you do not pay the full balance, interest will then begin to accrue on the remaining balance.