How does paying off the balance monthly help a credit card user avoid finance charges?

2 answers:

8 0

Because once you don't pay after a certain time, the bank will heavily charge you interest. Gathering interest increases the amount you pay. Each time you pay a certain amount the deadline is extended

Tamiku [17]3 years ago

3 0

Answer:

Credit cards allows us to make purchases today and pay for them later. If it takes us longer than a month to pay off our balance then we will have to pay an extra fee in the form of a finance charge.

Since finance charges is the way of charging us by the credit card issuing authority for carrying a balance on our credit card and not paying it off completely at the end of each month.

Thus, the simple way to avoid finance charges is to not carry a balance and this can be done by paying off the carrying amount on the credit card at the end of each month.

You might be interested in

Is there a rigid transformation that maps triangle ABC to triangle ABD? If so, which transformation?

MissTica

Answer: option C!

Step-by-step explanation:

i just got it right

7 0

3 years ago

Read 2 more answers

Gabriel wants to paint the model. How

enyata [817]

Answer:

<h2>The area of the base is 144 square inches.</h2><h2>The area of each triangular face is 66 square inches.</h2><h2>Grabiel needs 408 square inches of paint.</h2>

Step-by-step explanation:

The complete problem is attached.

Notice that the figure is a square pyramid, where its base dimensions are 12 inches by 12 inches, which represents an area of

$B=12 \times 12 = 144 \ in^{2}$