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Conflent of Micromed
Foundation
QUESTION 1/10
What is the best strategy to avoid paying interest on your credit cards?
A. Pay the minimum balance each month.
C. Pay the full balance each month.
B. Have credit cards from two different banks.
D. Make payments online.



Answer :

Final answer:

Paying the full balance each month is crucial to avoid credit card interest charges.


Explanation:

Paying the full balance each month is the best strategy to avoid paying interest on your credit cards. By doing so, you prevent accruing interest charges on the amount owed, leading to savings in the long run. It is essential to pay off your credit card in full every month to maintain financial stability and avoid unnecessary interest costs.


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