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.
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.
When you use them, you never really know how much you owe.
They generally charge 3% to 5% interest.
1 answer
The correct response is:
You will save money if you pay the balance off quickly.
Paying off your credit card balance quickly helps you avoid interest charges, which can save you money in the long run. The other statements are either repeated or misleading. For example, while credit cards do allow you to make purchases over your available bank balance, this can lead to debt if not managed properly.
