Question

post - assessment
question 2 of 5
when is using a credit card to cover an emergency expense a good idea and wont cost you any interest?
when you have a high enough credit limit to cover the emergency expense
when you can pay off the balance in full before the end of the month
when you have a low interest rate
when you can make the minimum payments each month

Explanation:

Credit card companies typically offer a grace - period. If the balance is paid in full before the end of the grace - period (usually end of the month), no interest is charged. High credit limit doesn't eliminate interest, low interest rate still means there is interest, and minimum payments accrue interest.

Answer:

B. When you can pay off the balance in full before the end of the month