Question

the best strategy for managing credit card debt is to: a. reach the credit limit each month. b. pay only the minimum amount due each month. c. pay off as much as possible on the balance each month. d. apply for at least one new credit card each month.

Explanation:

Reaching credit limit increases debt. Paying only minimum incurs more interest. Applying for new cards isn't a solution. Paying off as much as possible reduces debt and interest.

Answer:

C. pay off as much as possible on the balance each month