your credit limit is $1,000. you do pay your card off in full each month. what is the max you should ever…
your credit limit is $1,000. you do pay your card off in full each month. what is the max you should ever owe on this card? $
Answer
Explanation:
Step1: Understand credit limit concept
The credit limit is the maximum amount you can borrow on the card.
Step2: Consider payment behavior
Since you pay the card off in full each month, the maximum amount you can owe at any point is the credit - limit.
Answer:
$1000$