Which situation would result in a credit card issuer charging a late-payment fee? A cardholder pays off one credit card with a new credit card. A cardholder takes out $400 from an ATM. A cardholder pays $75 for the privilege of using the card for one year. A cardholder fails to make a minimum payment one month.

Question

Business

Julian Jennings

28 April, 15:55

Which situation would result in a credit card issuer charging a late-payment fee? A cardholder pays off one credit card with a new credit card. A cardholder takes out $400 from an ATM. A cardholder pays $75 for the privilege of using the card for one year. A cardholder fails to make a minimum payment one month.

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Answers (1)

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Alberto Banks · Answer 1

A cardholder fails to make a minimum payment one month.

Explanation:

A credit card late-payment fee is the fee charged by a credit card issuer because the card holder fails to pay his debt at the minimum payment deadline. This fee can be very high up to $40 depending on the card issuer. Some card issuers charge very low payment fee or no payment fee at all, therefore if you know you are someone who forgets to pay debts at the due date use credit cards that charge low payment fees.