what is the advantage of paying your credit card balance in full each month?\nyou pay only a small amount of…

what is the advantage of paying your credit card balance in full each month?\nyou pay only a small amount of interest.\nyou will incur only a small \paid in full\ fee on your next credit card statement.\nyou avoid paying any interest and fees.\nyou have less of your credit limit available, therefore, less temptation to spend.

what is the advantage of paying your credit card balance in full each month?\nyou pay only a small amount of interest.\nyou will incur only a small \paid in full\ fee on your next credit card statement.\nyou avoid paying any interest and fees.\nyou have less of your credit limit available, therefore, less temptation to spend.

Answer

Brief Explanations:

When you pay your credit - card balance in full each month, you avoid the finance charges (interest) that are applied when you carry a balance. There are no "paid in full" fees for paying the balance in full. Also, paying in full doesn't reduce your credit limit; it actually keeps it available for future use.

Answer:

You avoid paying any interest and fees.