question 4 / 10\nwhat is the problem with paying only your minimum credit card balance each month?\na. it…

question 4 / 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 4 / 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 does not lower your credit score as long as you pay on - time, and banks usually don't cancel cards just for this reason. However, when you pay only the minimum, the remaining balance accrues interest.

Answer:

B. You have to pay interest