If you have a credit card with a [tex]$1000 limit and you plan to pay off your card balance in full each month before the grace period ends, the amount you can safely owe on your card is the full limit of the card. This means that you can charge up to $[/tex]1000 on your credit card without incurring any interest or penalties, as long as you pay off the entire balance by the due date each month.
Given this strategy, it is critical to make sure that you have the financial means to pay off the balance in full to avoid interest charges and maintain a good credit score. Assuming you can do this, and there are no other fees or charges involved, the correct answer to the question would be:
OD. $1000
