Which of the following can increase your credit card’s APR?
APaying the minimum
BMissing a credit card payment
CPaying off the full balance
DCashing in on rewards points
A: If you pay the minimum then you'll just get more interests. "No" Also, paying the minimum just means: You are paying a small portion of your credit card debt. B: Missing a credit card payment will increase your credit card APR since you'll be fined depending on the amount of the bill. C: That won't change your APR. D: Reward points isn't physical cash that will change your APR.
B: Missing a credit card payment
The APR of your credit card will be increased if you show that you're not
responsible for paying all of bills/credit. Some good guidelines to follow would be: - Know your rates - Always pay the full balance - Know your credit - Consider making a forbearance plan and/or a debt management plan, also known as credit counseling. But go to a well known company. It might cost you more, but you can easily be scammed if you go to a more sketchy business.
