@bigbrain446 @jim_thompson5910

If the payment is not made on the credit card by the end of the grace period, which of the following will occur?

A. Interest will be charged.
B. A late fee will be charged.
C. A penalty APR will be assessed.
D. A minimum monthly payment will increase.

Question

@bigbrain446 @jim_thompson5910 

If the payment is not made on the credit card by the end of the grace period, which of the following will occur?

 		A.	Interest will be charged.
 		B.	A late fee will be charged.
 		C.	A penalty APR will be assessed.
 		D.	A minimum monthly payment will increase.

jim_thompson5910 · Answer

check out this page http://www.consumerfinance.gov/askcfpb/47/what-is-a-grace-period-how-does-it-work.html

kewlgeek555 · Answer

I think it would be B.  I am not sure though because I am only fourteen and I do not own any credit cards.

anonymous · Answer

its b or c i think @jim_thompson5910

jim_thompson5910 · Answer

penalties will be applied, but I think it's a one time payment and not a rate hike that's much worse than a late fee

anonymous · Answer

so c

jim_thompson5910 · Answer

re-read what I just wrote

anonymous · Answer

oo a

jim_thompson5910 · Answer

yes