Question

1. what is the main advantage of paying the full balance on your credit card each month? a. decreasing your credit score b. increasing the credit card limit c. avoiding interest charges d. earning more rewards

Explanation:

When you pay the full balance on your credit card each month, you avoid interest charges. Credit card companies typically charge interest on the remaining balance if it's not paid in full. Decreasing your credit score (a) is incorrect as timely full payments can help maintain or improve it. Increasing the credit card limit (b) is a possible long - term outcome but not the immediate main advantage. Earning more rewards (d) is related to spending patterns rather than just paying the balance.

Answer:

C. Avoiding interest charges