Question

Strategies for using credit cards effectively include:

1. ​Choosing cards with no annual fees and lower interest rates

​2. Paying off the full balance due each month

​3. Avoiding cash advances

​4. Using just one credit card

​5. All of the answer choices​

Answer 1

Strategies for using credit cards effectively include choosing cards with no annual fees and lower interest rates, paying off the full balance due each month, avoiding cash advances, and using just one credit card.

Step-by-step explanation:

The strategies for using credit cards effectively include:

1. Choosing cards with no annual fees and lower interest rates
2. Paying off the full balance due each month
3. Avoiding cash advances
4. Using just one credit card
5. All of the answer choices

By selecting credit cards with no annual fees and lower interest rates, you can minimize the costs associated with using credit. Paying off the full balance each month not only helps you avoid interest charges, but also promotes responsible spending. Avoiding cash advances is important because these typically come with high interest rates and fees. Using just one credit card can make it easier to manage your finances and track your spending. Implementing all of these strategies can help you effectively use credit cards and avoid debt.