Ask Question
25 March, 03:54

When using a credit card, how can you avoid paying high interest rates on your balance?

Use only credit cards offered by the bank at which your accounts are held.

Alternate between using your debit card and credit card for all purchases.

Pay the entire balance due on the credit card within three months of each

bill

Pay the entire balance within the grace period specified by the financial

institution.

+1
Answers (1)
  1. 25 March, 05:40
    0
    Pay the entire balance within the grace period specified by the financial

    institution.

    Explanation:

    With each credit card there are conditions that allow to pay the bill in days were the interest has not been generated. The idea is to identify those periods and make the payment before this grace ends.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “When using a credit card, how can you avoid paying high interest rates on your balance? Use only credit cards offered by the bank at which ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers