Question

Anthony received his first credit card bill. Since he wants to use credit responsibly, he should _____.

a) make the minimum payment
b) make the minimum payment plus $30, though he could pay more
c) pay as much as possible and send the payment on time
d) make the payment using another credit card

Answer 1

C. Anthony should pay as much as possible

Answer 2

The correct answer is C.

The holder of a credit card signs a contract with the card supplier that allows the first to spend a certain amount of money, during a period of time, under the promise to return it to the second in the established terms. The credit card bills arrive when a certain amount is due for repayment.

Therefore the most resposible way of dealing with the bill is paying the whole amount due on time or, if not possible, at least pay as much as possible so that most part of the debt is met.