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

Question

Quizplus · Accepted Answer

Paying the entire balance on or before the due date means that you are not carrying any balance and therefore not accruing any interest. This is the best choice to avoid interest charges on a credit card purchase.

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