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2 June, 23:39

When using a credit card, how can you avoid paying high interest rates on your balance?

Use only credit cards offered by the bank at which your accounts are held.

Alternate between using your debit card and credit card for all purchases.

Pay the entire balance due on the credit card within three months of each

bill

Pay the entire balance within the grace period specified by the financial

institution.

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Answers (1)
  1. 3 June, 01:23
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    Pay the entire balance within the grace period specified by the financial

    institution.

    Explanation:

    With each credit card there are conditions that allow to pay the bill in days were the interest has not been generated. The idea is to identify those periods and make the payment before this grace ends.
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