Question

Stewart want to make a payment before interest is charged against the outstanding balance on a credit card. What time frame is he in?

Group of answer choices

Credit

Annual Percentage Rate

Annual Fee

Grade Period

A fixed annual charge imposed by a credit card issuer is called?

Group of answer choices

Credit Fee

Current Ratio

Multiple Fees

Annual Fee

Maddie has credit cards, all of the following fees can be assessed against her except?

Group of answer choices

Late Fee

Shortage Fee

Over the limit fee

Cash Advance

Answer 1

1). Grace period is period in which you are allowed to pay the bill without having to pay interest on the amount outstanding.

So, Stewart is in grace period.

2). Fixed charge on credit card involve, annual fee that customer has to pay for the maintenance of the account.

Option D is correct.

3). Late fee is the fee paid by user for paying late the amount due in the credit card.

Over the limit fee is charges for the card holder for over withdrawal of credit limit amount.

Cash advance is fee charged by banks for advance cash borrowed against the credit limit.

Shortage fee does not exist for a credit card.

Option B is correct.