Question

Select the most likely consequence of making payments late to a card that has an introductory rate

Answer 1

The question has multiple choices

A. Fees and paying the default interest rate on the balance
B. Fees and paying the introductory interest rate on the balance
C. Paying higher interest rates
D.  None of these answers are correct

The answer is A) Fees and paying the default interest rate on the balance

Always, there is a non-fee period defined by the bank. Creditors will not only penalize you with a late fee, but also will most of the times increase your interest rate to the penalty rate. When your payment becomes sixty days past due, the introductory rate can expire prematurely.

Answer 2

Question:

Select the most likely consequence of making payments late to a card that has an introductory rate

The inquiry has various options  

A. Charges and paying the default loan cost on  

the parity  

B. Charges and paying the initial financing cost on the  

balance  

C. Paying higher loan fees  

D. None of these  answers are right  

Answer

The appropriate response is A) Fees and paying the  

default loan fee on the equalization  

Continuously, there is a non-charge period  

characterized by the bank. Leasers won't just punish you with a late charge, however  

likewise will the vast majority of the occasions increment your loan fee to the punishment rate. At the point when  

your installment winds up sixty days past due, the starting rate can lapse  

rashly.