question 9 / 10\nwhat is the problem with paying only your minimum credit card balance each month?\na. it…

question 9 / 10\nwhat is the problem with paying only your minimum credit card balance each month?\na. it lowers your credit score\nb. you have to pay interest\nc. the bank will cancel your credit card\nd. all of the above

question 9 / 10\nwhat is the problem with paying only your minimum credit card balance each month?\na. it lowers your credit score\nb. you have to pay interest\nc. the bank will cancel your credit card\nd. all of the above

Answer

Brief Explanations:

Paying only the minimum credit - card balance means the remaining balance will accrue interest. It doesn't necessarily lower your credit score immediately (as long as you pay at least the minimum on time), and the bank usually won't cancel the card just for this reason.

Answer:

B. You have to pay interest