Your credit limit is $500. You don't pay your card off each month like you should. What is the max you should ever owe on this card?

asked Jan 3, 2021 63.8k views

1 vote

Your credit limit is $500.

You don't pay your card off each month like you should.
What is the max you should ever owe on this card?

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3 votes

$25 should be your limit

Smigfu answered Jan 6, 2021

7.5k points

2 votes

Answer:

$25

Step-by-step explanation:

$500×(5/100) = $25

Raunak Gupta answered Jan 7, 2021

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