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18 September, 18:02

Casey has a credit card with a $5,000 limit. She uses her credit card to pay $4,965 for some home improvement items. Casey makes only her minimum payment of $50 on the card before the grace period ends. Evaluate Casey's actions.

a) Excellent; Casey will not have to pay any fees or interest if she makes the minimum payment before the end of the grace period.

b) Good; Casey will be charged interest she could have avoided, but will not be charged other fees.

c) Poor; Casey will be charged interest and is at risk of going over her credit limit.

d) Unacceptable; Casey should have paid the minimum payment after the grace period to avoid interest charges.

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Answers (2)
  1. 18 September, 18:09
    0
    I feel like its either B or C
  2. 18 September, 18:12
    0
    I think it is b but im not really sure.
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