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If a credit card balance is not paid in full within the grace period then the customer will receive a __________. A. Finance charge B. Lower credit limit C. Lower interest rate D. Higher credit limit

User Icalvete
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2 Answers

5 votes

Answer:

The answer is A, finance charge

Step-by-step explanation:

User Vallabh Patade
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Answer:

The correct answer is A. If a credit card balance is not paid in full within the grace period then the customer will receive a finance charge.

Step-by-step explanation:

If the credit card account is not paid before the due date, the banks add to the amount to pay a financial charge, which is nothing more than a sum of interest on arrears as a result of the loan.

That is, the financial charge operates as a punitive interest on the grounds of not paying in the indicated period the totality of the credit card account.

User Brad Linard
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