Consumers who pay more than the minimum payment on credit cards pay less interest in the long run. are able to buy more things.

Question

ira [324]

3 years ago

9

Consumers who pay more than the minimum payment on credit cards pay less interest in the long run. are able to buy more things.

see their credit scores decrease. qualify for mortgages.

Social Studies

2 answers:

brilliants [131] · Answer 1 · 2022-09-18T04:18:05+03:00

brilliants [131]3 years ago

8 0

Answer:

Explanation:

A on quizlet pay less interest in the long run.

pishuonlain [190] · Answer 2 · 2022-09-18T06:27:37+03:00

Answer:

A) pay less interest in the long run.

Explanation:

The credit card consists of a tool that enables the user to make purchases on credit - to pay on an invoice the following month. However, it is very important that the invoice is actually paid on its due date. Otherwise, the person will pay an interest to the bank that issued the credit card.

Banks offer the option to be paid a minimum amount - below the total invoice. This is called a credit card rotary. However, this is not an advantage because it incurs interest. The closer the minimum payment is made, the higher the interest. The closer to the total settlement amount of the invoice, the lower the interest.