13/25 you bought $230 in clothes and charged it to your credit card. what happens if you dont pay the…

13/25 you bought $230 in clothes and charged it to your credit card. what happens if you dont pay the balance off by the end of the month? a youll get an exemption on your credit report. b youll see an increase on your interest rate. c youll have to pay your credit deductible. d youll start to accrue interest on your credit card balance.

13/25 you bought $230 in clothes and charged it to your credit card. what happens if you dont pay the balance off by the end of the month? a youll get an exemption on your credit report. b youll see an increase on your interest rate. c youll have to pay your credit deductible. d youll start to accrue interest on your credit card balance.

Answer

Brief Explanations:

Credit - card companies typically charge interest on unpaid balances. Not paying off the balance by the end - of - month grace period means interest will start to accrue on the remaining amount. There is no exemption on credit report, no automatic increase in interest rate (usually requires repeated late payments or other negative actions), and credit deductible is not relevant here.

Answer:

D. You'll start to accrue interest on your credit card balance.