Question

If a credit card balance is paid in full within the grace period then the customer will receive
A. lower interest rates
B. unlimited credit
C. no finance charges
D. higher interest rates

Answer 1

Answer:

a) lower interest rates

Explanation:

Customers who pay off their credit card balances in full during the grace period qualify for lower interest rates. A higher interest rate will be applied if the credit card amount is not paid in full during a grace period.

Answer 2

Answer:

A

Explanation: