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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 low interest rate
when you can make the minimum payments each month
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
Credit - card interest is typically not charged if the full balance is paid off within the grace - period, usually the end of the billing cycle. Low interest rate, minimum payments, or high credit limit do not eliminate interest charges by themselves.
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When you can pay off the balance in full before the end of the month