What is the credit card balance? A-The amount of interest you must pay the credit card company. B-The required minimum payment to your credit card company. C-A way to track your incoming and outgoing purchases. D-The amount of money you still owe to the credit card company.

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Kiera

14 September, 16:16

What is the credit card balance? A-The amount of interest you must pay the credit card company. B-The required minimum payment to your credit card company. C-A way to track your incoming and outgoing purchases. D-The amount of money you still owe to the credit card company.

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Jackson Lutz · Answer 1

What is the credit card balance?

D-The amount of money you still owe to the credit card company.

The credit card balance is the total amount you owe the credit card company. The required minimum payment is the amount that forms a portion of the credit card balance. If you only pay the required minimum amount, the outstanding balance will generate interest and financial charges. It is better to pay off the whole credit card balance if you can. This way you will have a good credit score.