Register
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
31,074 views
17 votes
17 votes
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

User InitJason
by
2.6k points

1 Answer

20 votes
20 votes

Answer:

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

Step-by-step explanation:

User EsmaeelE
by
2.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

Other Questions

If the rate of inflation in Japan dramatically increases while the rate of inflation in the United States remains constant, then a. the demand curve for dollars shifts to the left. b. the demand curve
The market value of the equity of Hudgins, Inc., is $582,000. The balance sheet shows $21,000 in cash and $192,000 in debt, while the income statement has EBIT of $93,000 and a total of $137,000 in depreciation
Kylie is risk averse and has $1,000 with which to make a financial investment. She has three options. Option A is a risk-free government bond that pays 5 percent interest each year for two years. Option
From the standpoint of the issuing company, a disadvantage of using bonds as a means of long-term financing is that Group of answer choices bond interest is deductible for tax purposes. interest must be
Elroy Rocket is entering his senior year as an accounting major and has a number of options for his summer break. His options for the 3 month break follow: (1) Work full time at a local accounting firm
Link Copied!