Section 6: Credit Cards & Credit Scores - A Credit Card lets you borrow money to make purchases. It can be convenient for making online payments. However, it’s only a good tool if you pay off the full balance each month. If you don’t, interest is added, and it becomes an easy way to build up debt quickly.
{"id":22430,"questions":[{"type":"multi-choice","id":"81761","dataJson":{"prompt":"What happens if you don’t pay your credit card balance in full each month?","options":[{"key":"A) You won’t have to pay anything extra","label":"A) You won’t have to pay anything extra","value":"A) You won’t have to pay anything extra"},{"key":"B) Your credit score will automatically improve","label":"B) Your credit score will automatically improve","value":"B) Your credit score will automatically improve"},{"key":"C) You will be charged interest, which can increase your debt","label":"C) You will be charged interest, which can increase your debt","value":"C) You will be charged interest, which can increase your debt"},{"key":"D) Your credit card will be cancelled immediately","label":"D) Your credit card will be cancelled immediately","value":"D) Your credit card will be cancelled immediately"}],"feedback":"","limitChoices":{},"question_type":0,"validResponse":["C) You will be charged interest, which can increase your debt"]}}]}
What happens if you don’t pay your credit card balance in full each month?
Choose 1 answer