When purchasing with a credit card, it's important to remember that ________ if you do not pay the balance in full within a stated time period.
A) the credit limit is reduced
B) no returns are allowed
C) interest is charged on the remaining balance
D) discounts are available

Question

Quizplus · Accepted Answer

If you do not pay the balance in full within a stated time period, interest is charged on the remaining balance. This is referred to as carrying a balance and can result in accumulating significant debt over time due to interest charges.

When Purchasing with a Credit Card, It's Important to Remember