Ask Question
BusinessBusiness
31 March, 02:42

By making minimum payments on a credit card, the consumer can

+3
Answers (2)
  1. 31 March, 02:48
    0
    I think by doing this they build up their credit score.
  2. 31 March, 04:08
    0
    Explanation: By making minimum payments on a credit card, the consumer can guarantee the validity of the credit card and keep their credit valid, since as it is known, said cards have a deadline on which the customer is made aware of everything related to payments, advances, in conclusion how the summary of your purchases goes. Similarly, a credit card also has a cut-off date, which stipulates the start and end of a monthly cycle at the time each payment is made to it.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “By making minimum payments on a credit card, the consumer can ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Kamal places an ad in the local newspaper as follows: "$500 reward for the return of my gold ring." Mira finds the ring and returns it to Kamal, but he refuses to pay her the $500.
Answers (1)
Jill, an accountant for U. S. Molecular, Inc. (USM), learns of undisclosed company plans to market a revolutionary new computer that uses atoms and molecules instead of chips and wires. Jill buys 1,000 shares of USM stock.
Answers (1)
Remsco has taxable income of $64,000 and a charitable contribution limit modified taxable income of $74,000. Its charitable contributions for the year were $7,660.
Answers (1)
A firm has zero debt in its capital structure. Its overall cost of capital is 8%. The firm is considering a new capital structure with 50% debt. The interest rate on the debt would be 5%.
Answers (2)
Between 1870 and 1900, the number of children younger than 16 working for wages rose from 700,000 to
Answers (1)
New Questions in Business
A firm is considering a replacement project which requires the initial outlay of $300,000 which includes both an after-tax salvage from the old asset of $12,000 and an additional working capital investment of $8,000.
Answers (1)
What payment type is best if you are trying to stick a budget
Answers (2)
For each of the following transactions of Spotlighter, Inc., for the month of January, indicate the accounts, amounts, and direction of the effects on the accounting equation. A sample is provided.
Answers (1)
Do you think it's necessary to have a love of sports to work in the Sports Industry?
Answers (2)
Aliyah earned a $6,000 bonus from her sales job for exceeding her sales goals. after paying taxes at a 30% rate, she invested the remaining money in two stocks.
Answers (1)
Home » Business » By making minimum payments on a credit card, the consumer can
Sign Up Forgot Password?