menu
Qammunity
Login
Register
My account
Edit my Profile
Private messages
My favorites
Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question
Making a credit card minimum payment: a) Means you are paying a small portion of your total credit card debt b) Is the same thing as making a late credit card payment c) Will have a negative effect on
asked
Jan 8, 2018
188k
views
4
votes
Making a credit card minimum payment:
a) Means you are paying a small portion of your total credit card debt
b) Is the same thing as making a late credit card payment
c) Will have a negative effect on your credit score
d) Will cause your credit card to be cancelled
Is the answer a?
Business
high-school
Pugna
asked
by
Pugna
8.9k
points
answer
comment
share this
share
0 Comments
Please
log in
or
register
to add a comment.
Please
log in
or
register
to answer this question.
2
Answers
4
votes
Answer: A
Even if your credit card
calculates minimum payments
differently and you might even have a lower interest rate than 18%, your
minimum payment
mostly goes towards interest and not your principal balance.
^ From google.
i hope this helped and have a wonderful day!!
Nimblejoe
answered
Jan 10, 2018
by
Nimblejoe
7.4k
points
ask related question
comment
share this
0 Comments
Please
log in
or
register
to add a comment.
6
votes
a) Means you are paying a small portion of your total credit card debt
yes, it is paying a small portion of your total.. after all, it is called "minimum", in which you don't pay all that you owe the credit card company at once.
hope this helps
Nisson
answered
Jan 14, 2018
by
Nisson
8.2k
points
ask related question
comment
share this
0 Comments
Please
log in
or
register
to add a comment.
← Prev Question
Next Question →
No related questions found
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.
9.4m
questions
12.2m
answers
Other Questions
Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
What is the best way to describe a stock market?
Twitter
WhatsApp
Facebook
Reddit
LinkedIn
Email
Link Copied!
Copy
Search Qammunity