Question

What are some "nuisance fees" that credit-card lenders may add into monthly statements?

A. Transaction Fees
B. Over-The Limit Fees
C. Late Fees, Pay-Off Fees
D. Annual Fees and
E. Charges for Cash Advances
F. All of the above

Answer 1

Credit card lenders may add nuisance fees to monthly statements such as transaction fees, over-the-limit fees, late fees, pay-off fees, annual fees, and charges for cash advances.

Step-by-step explanation:

Some nuisance fees that credit card lenders may add to monthly statements include:

1. Transaction Fees: These are fees charged for each transaction made using the credit card.
2. Over-The-Limit Fees: When a credit card holder exceeds their credit limit, this fee is charged.
3. Late Fees: Lenders charge a fee when a payment is not made on time.
4. Pay-Off Fees: Some lenders charge a fee when a balance is paid off early.
5. Annual Fees: These are fees charged annually for owning the credit card.
6. Charges for Cash Advances: If a credit card holder withdraws cash from an ATM using their credit card, a fee is charged.

Therefore, the correct answer is F. All of the above.