Whenever you make more than the minimum payment on your credit card account,the lender must apply any excess above the minimum payment to the portion of the card debt that carries the highest APR.
Correct Answer:
Verified
Q38: Introductory rates are also known as teaser
Q39: A penalty APR is a high interest
Q40: A retail credit card allows the holder
Q41: The billing date is the last day
Q42: Your goal should be to use credit
Q44: The date on which a credit cardholder
Q45: If you make the minimum payment on
Q46: Wise users of credit have a no-annual-fee
Q47: Companies that issue credit cards must disclose
Q48: Credit life insurance is generally a good
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents