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will your balance increase on your credit card from month to month if you have a balance, but no new charges?why?

User Pim
by
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1 Answer

2 votes

Answer:

yes (if no payments are made)

Explanation:

If you have no new charges and you make no payments, you will incur interest costs every month.

Hence yes, you balance will increase by amount of interest owed.

User Gissela
by
7.6k points