ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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have excellent annual rates.
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are popular across the nation.
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have low minimums.
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have high minimums.
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Detailed explanation-1: -A credit card minimum payment is the lowest amount you can pay every month while keeping your account in good standing. Making at least the minimum payment on your credit cards every billing cycle ensures that you do not get stuck with late fees, penalty APRs or derogatory marks on your credit report.
Detailed explanation-2: -Secured and unsecured credit cards There are two types of credit card options for bad credit, secured and unsecured. A secured credit card requires a deposit of a certain amount of money into a savings account, and the credit limit is often based on a percentage of the deposited amount.
Detailed explanation-3: -A Credit Card limit is set when you’re approved for a Credit Card and is the maximum amount of credit you can use on your Card. All Credit Cards have a maximum and a minimum Credit limit.