Question

What is a balance transfer fee?

A. A fee you pay when your monthly payment is late
B. A fee for charging more than your credit limit
C. A fee you pay when you use your credit card to get cash from an
ATM
O D. A fee charged when you transfer the balance from one card to
another

Answer 1

A balance transfer fee is a charge imposed by a lender to transfer existing debt over from another institution.

Step-by-step explanation: