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

The option which is not a common credit card fee is D. minimum payment fee. The banks cannot limit how much money you can withdraw just because you paid your credit card fee later than you were supposed to. However, they can give you higher fees for being late, for balance transfer, as well as for yearly membership.