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Which situation would result in a credit card issuer charging a late-payment fee?

Which situation would result in a credit card issuer charging a late-payment fee?
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Which situation would result in a credit card issuer charging a late-payment fee?

asked
User KevinDeus
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2 Answers

3 votes

Answer:

A cardholder fails to make a minimum payment one month.

JUST TOOK THE TEST

answered
User Chris Kempen
by
8.1k points
3 votes
A credit card issuer would charge a late-payment fee if there is an unpaid minimum credit card fee or other payment from your credit card until the due date. The late-payment fee is calculated based on your unpaid minimum credit card fee. It will not exceed the amount of your unpaid minimum credit card fee.
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User Efreeto
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7.9k points
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