Which of these credit card features would be best for customers who think they might not be able to pay their balance at the end of each month?

Explanation: The credit card feature that would be best for customers who think they cannot pay their balance at the end of each month is a low annual percentage rate.

What is the only way to avoid paying interest on a credit card?

The best way to avoid paying interest on your credit card is to pay off the balance in full every month. You can also avoid other fees, such as late charges, by paying your credit card bill on time.

Can I pay my credit card bill with another credit card?

Typically, you can’t simply pay your credit card bill with another card as if you were paying your utility or phone bill. Credit card companies don’t usually accept credit cards as a regular form of payment, in part because it opens the door for debt to revolve through your accounts in an infinite loop.

What is one advantage of using a credit card to make purchases?

Advantages of using credit include the ability to make purchases when cash inflow is low and the convenience of not carrying cash or checks. Credit cards can eliminate the need for carrying large amounts of cash.

When to use one credit card to pay off another?

A balance transfer is the only time you can use one credit card to pay off another. And the only scenario where it makes good financial sense to pay off a credit card bill this way is if you’re shifting a credit card balance to one with a lower interest rate, especially to a card that has an introductory 0% APR offer.

What happens when you use a credit card?

A credit card allows you to make purchases and pay for them later. In that sense, it’s like a short-term loan. When you use a credit card to make a purchase, you’re essentially using the credit card company’s money. You then pay that money back to the credit card company, with or without interest, depending on the timing of your payment.

What happens when you make multiple payments on a credit card?

When you make multiple payments in a month, you reduce the amount of credit you’re using compared with your credit limits — a favorable factor in scores. Credit card information is usually reported to credit bureaus around your statement date.

Which is an example of a credit card payment?

A typical example would be making a credit card payment when you get paid from work, maybe weekly or bi-weekly. That way, you get the money out of your possession so you’re not tempted to spend it elsewhere.