Question

question 23
4 pts
you have a credit card that you use regularly for small purchases with the goal of improving your credit score. which strategy would have the greatest positive impact?
google translate

• regardless of how much your balance is, make the minimum payment required on your credit card every month by the due date
• use less than 30% of the credit limit and pay it off in full every month by the due date
• always carry a balance from month to month

Explanation:

To improve credit score, key factors include credit utilization (using <30% of limit) and timely full payments. Making minimum payments or carrying a balance can hurt (interest, higher utilization). Using <30% and paying full monthly optimizes utilization and shows responsible payment, having the greatest positive impact.

Answer:

B. Use less than 30% of the credit limit and pay it off in full every month by the due date