ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Tyler needs to make sure he pays the minimum balance every month before the due date on the credit card statement.
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Tyler needs to pay the credit card balance in full every month before the due date listed on the credit card statement.
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Tyler needs to limit the use of his credit cards to balance transfers only.
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None of the above
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Detailed explanation-1: -Pay your monthly statement in full and on time Paying the full amount will help you avoid any interest charges. If you can’t pay your statement balance off completely, try to make a smaller payment (not less than the minimum payment).
Detailed explanation-2: -Pay off your balance every month. Use the card for needs, not wants. Never skip a payment. Use the credit card as a budgeting tool. Use a rewards card. Stay under 30% of your total credit limit.
Detailed explanation-3: -Keep the login details secure: Never pay upfront: Take your time before making a payment: Beware of phishing and viruses: Identify skimming: Use different cards for autopay and everyday spending: Pay from mobile wallets: Set a payment limit:
Detailed explanation-4: -Get a Credit Card with No Cash Advance Fees. A few credit cards in the Indian market come with zero cash advance fees. Pay Your Credit Card Bills Soon To Avoid Interest. Try Alternate Methods Rather Than Direct Cash Withdrawals. 25-Jan-2023