which payment option could have interest charged to you?
Which payment option could have interest charged to you?
Credit cards are a common payment option that could have interest charged to you. When you make purchases using a credit card and do not pay the full balance by the due date, the remaining amount will accumulate interest. This interest is usually calculated based on the card’s annual percentage rate (APR) and added to your balance, making it important to be mindful of how you manage your credit card payments to avoid accruing excessive interest charges. It is advisable to pay off your credit card balance in full each month to avoid interest charges.