Question

What should your statement show if

you have zero balance and you did
NOT use the credit card in the last
month?
A. $20
B. 2% APR
C. $0
D. 10% bonus

Answer 1

C. $0

Step-by-step explanation:

Using a credit card does not have to be expensive to cost a customer. Paying the full statement balance before the due date helps a credit card user avoid expensive interests and fees. A credit card attracts interest only when outstanding balances.

Should a customer clear the statement balance before the credit company generates a statement, their balance will be $0 when the statement is generated. Paying all balances early does not save on interests but improves on credit score.