Question

your credit limit is $1,500. you dont pay your card off each month like you should. what is the max you can safely charge on this card? $ blank your credit limit is $2,000. you dont pay your card off each month like you should. what is the max you should ever owe on this card? $ blank your credit limit is $300. you do pay your card off in full each month. what is the max you can safely charge on this card? $ blank your credit limit is $500. you dont pay your card off each month like you should. what is the max you should ever owe on this card? $ blank

Explanation:

Step1: Identify credit - limit concept

The maximum amount you can charge or owe on a credit card is generally the credit - limit when you don't pay off the card each month. When you do pay off the card each month, the maximum you can charge is also the credit - limit as you won't carry a balance.

Step2: Solve for each case

Case 1

Credit limit = $1500, don't pay off each month. Max charge = $1500.

Case 2

Credit limit = $2000, don't pay off each month. Max amount owed = $2000.

Case 3

Credit limit = $300, pay off each month. Max charge = $300.

Case 4

Credit limit = $500, don't pay off each month. Max amount owed = $500.

Answer:

$1500
$2000
$300
$500