Interest rates on credit card balances are usually very low,as credit cards are held by people with good credit ratings.

Name: Interest rates on credit card balances are usually very low,as credit cards are held by people with good credit ratings.
Brand: Quizplus
Rating: 4.8 (50 reviews)

Question

Quizplus · Accepted Answer

This statement is false. Interest rates on credit card balances are often high, especially for those with lower credit scores or for those who carry a balance over a long period of time.

Interest Rates on Credit Card Balances Are Usually Very Low,as