Thinking Mathematically (6th Edition)

Published by Pearson
ISBN 10: 0321867327
ISBN 13: 978-0-32186-732-2

Chapter 8 - Personal Finance - 8.8 Credit Cards - Exercise Set 8.8 - Page 565: 18

Answer

The significant aspects of credit card use include paying the entire balance on the due date, making purchases within the affordability range, and keep all the relevant receipts associated with purchased through credit card and verify the billing with respect to that purchase.

Work Step by Step

There are certain aspects which must be considered by a credit card user at the time of using a credit card. These aspects include: Paying out the required amount on time that is before the due date at the end of billing each month. One should also make purchases within his/her affordability range through the use of credit card and try to avoid overspending on those which are not much required. Moreover, one should also keep all the relevant receipts pertaining to the purchases through the use of the credit card and he/ she must verify those receipts with the relevant purchases to find out the errors if any has occurred.
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