Question

Which of the following is recommended when paying a credit card bill? A. Pay exactly half the minimum amount every month. B. Pay less than the minimum amount every month. C. Pay more than the minimum amount every month. D. Pay the minimum amount every month.

Answer 1

C - Pay more

Explanation:

Options A and B state to pay LESS than the minimum amount, which is never recommended if you want to keep the credit card. Paying the minimum amount will have you paying more in interest fees.

But paying more than the minimum, it lowers the interest fees that are added monthly based on the current balance.