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In Business / College | 2025-07-06

What should you do if you own a credit card?
pay only the minimum balance
pay it off quarterly
pay the monthly balance

Asked by cacawhates

Answer (2)

To manage a credit card effectively, it is best to pay off your full monthly balance to avoid interest charges and build a strong credit score. Paying only the minimum can lead to accumulating debt, while quarterly payments are less effective than monthly ones. Consistent monthly payments keep your finances in check and promote long-term financial health. ;

Answered by GinnyAnswer | 2025-07-06

The best approach for managing a credit card is to pay the full monthly balance. Paying only the minimum can lead to high-interest debt, while quarterly payments are less effective. Consistently paying your balance on time promotes financial health.
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Answered by Anonymous | 2025-08-08

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