20 Multiple Choice 1 point A penalty charged to creditiont customers who breach their credit limit: Over the Limit Fee Annual fee Trensaction Free Late Fee

## Step 1<br />The question is asking for the type of fee that is charged to credit card customers when they exceed their credit limit. The options provided are Over the Limit Fee, Annual fee, Transaction Fee, and Late Fee.<br /><br />## Step 2<br />The Over the Limit Fee is the fee that is charged when a customer exceeds their credit limit. This fee because the spent more than their credit limit allows.<br /><br />## Step 3<br />The Annual fee is a fee that is charged annually for the use of a credit card. This fee is not related to exceeding the credit limit.<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 not related to exceeding the credit limit.<br /><br />## Step 5<br />The Late Fee is a fee that is charged when a payment is made after the due date. This fee is not related to exceeding the credit limit.