Any credit card purchase will effectively be an interest-free loan if you:
A)pay for the purchase within six months.
B)make the minimum payment.
C)pay off the entire balance on or before the due date.
D)pay off the previous balance by the due date.
E)receive a cash advance.

Question

Quizplus · Accepted Answer

If you pay off the entire balance on or before the due date, you will not accrue any interest on your credit card purchase. This is the most financially responsible choice as it avoids interest charges and potential debt accumulation.

Any Credit Card Purchase Will Effectively Be an Interest-Free Loan