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What is the problem with paying only your minimum credit card balance each month? A. It lowers your credit score B. You have to pay interest C. The bank will cancel your credit card D. All of the above
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2 votes
What is the problem with paying only your minimum credit card balance each month?

A. It lowers your credit score
B. You have to pay interest
C. The bank will cancel your credit card
D. All of the above

User Muhammad Gouda
by
3.3k points

2 Answers

5 votes

Answer: The answer is B.

Explanation: While yes it is important to make at least the minimum payment, its not ideal to carry a balance from month to month (You'll rack up interest charges). And risk falling into debt. Therefore, the answer is B.

Hope this helps!

User Shanie
by
3.7k points
4 votes

Answer:b

Step-by-step explanation:

User Ksthawma
by
3.5k points
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