Question

question 7 of 10
one important strategy to keep credit card costs down is to:

a. use more than one credit card to distribute the costs.

b. pay off the entire balance each month.

c. use credit cards often to build up your credit rating.

d. always make the minimum payments on time.

Explanation:

Credit card costs primarily come from interest charges on unpaid balances. Paying the full balance monthly avoids all interest fees, which is the most effective way to minimize costs. Using multiple cards doesn't reduce overall costs, frequent use can lead to more debt, and minimum payments accrue long-term interest.

Answer:

B. pay off the entire balance each month.