Question

Which of the follow is not a common credit card fee

A) late fee
B) annual membership fee
C) balance transfer fee
D) minimum payment fee

Answer 1

It is C; Balance Transfer fee is NOT a common credit card fee.

You only acquire a balance transfer fee when you shift the credit from one card to another.

Yearly membership fee, late fee, and minimum payment fee are all applicable to all credit cards.

Hope this helps! :)