how does a credit card purchase affect your checking account balance?\na. it increases your balance…
how does a credit card purchase affect your checking account balance?\na. it increases your balance immediately.\nb. it decreases your balance the following month.\nc. it decreases your balance immediately.\nd. it has no direct effect on your balance.
Answer
Brief Explanations:
When you make a credit - card purchase, the money is not directly taken from your checking account. The credit card company fronts the money for the purchase, and you are responsible for repaying the credit card company later. So, it has no direct impact on your checking account balance at the time of the purchase.
Answer:
D. It has no direct effect on your balance.