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Multiple Chare 1 point The charge the credit cardissuer applies to your account if you fail to meet the minimum payment by you bill dir date Annual Fee Late fee Toruaction Fite Overthe Limit fee

Pergunta

Multiple Chare 1 point
The charge the credit cardissuer applies to your account if you fail to meet the minimum payment by you bill dir date
Annual Fee
Late fee
Toruaction Fite
Overthe Limit fee

Multiple Chare 1 point The charge the credit cardissuer applies to your account if you fail to meet the minimum payment by you bill dir date Annual Fee Late fee Toruaction Fite Overthe Limit fee

Solução

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Ursula MariaMestre · Tutor por 5 anos

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The correct answer is 'Late fee'.

Explicação

## Step 1<br />The question is asking for the type of fee that a credit card issuer applies to your account if you fail to meet the minimum payment by your bill due date. <br /><br />## Step 2<br />The options provided are: Annual Fee, Late fee, Transaction Fee, and Over the Limit fee. <br /><br />## Step 3<br />The Annual Fee is a fee that is charged annually for the use of the credit card. This fee is not related to late payments.<br /><br />## Step 4<br />The Transaction Fee is a fee that is charged for each transaction made with the credit card. This fee is also not related to late payments.<br /><br />## Step 5<br />The Over the Limit fee is a fee that is charged when the credit card holder exceeds their credit limit. This fee is not related to late payments.<br /><br />## Step 6<br />The Late fee is a fee that is charged when the credit card holder fails to make the minimum payment by the bill due date. This fee is directly related to late payments.
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