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In Business / College | 2025-07-07

Which of the following is an effective strategy for using credit cards?
a. Use more than one credit card
b. Use cash advances
c. Pay the entire balance each month
d. Pay only the minimum each month

Asked by makaylaeller884

Answer (1)

The most effective strategy for using credit cards is to pay the entire balance each month, as it prevents interest charges, improves your credit score, and promotes financial discipline. Other strategies, like using cash advances or only making minimum payments, can lead to debt accumulation and financial strain. Managing credit cards responsibly is key to maintaining good financial health. ;

Answered by GinnyAnswer | 2025-07-07

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