Question

Which situation would result in a credit card issuer charging a balance-transfer fee?


A cardholder fails to make a minimum payment one month.


A cardholder pays $75 for the privilege of using the card for one year.


A cardholder pays off one credit card with a new credit card.


A cardholder takes out $400 from an ATM.

Answer 1

It is not options B or D. So which do you think the answer is?

Answer 2

Not B not C

Answer 3

Oops

Answer 4

E

Answer 5

kekw

Answer 6

Yeah it's E

Answer 7

Where is option E XD

Answer 8

If there was 5 then yea there would be option E. ;-;

Answer 9

i was stuck between A and C anyway

Answer 10

Your answer is A

Answer 11

I'm on the urge of confused if there's NO E.

Answer 12

I disagree, I think it's C.

Answer 13

Why do you think it is C?

Answer 14

I can support my response I'd just like to know why you think it's C first.

Answer 15

Simply the definition of Balance- Transfer is Transferring your balance means moving all or part of a debt from one credit card to another.

Answer 16

well you can use a credit card to pay off another credit card's balance

Answer 17

\(\color{#0cbb34}{\text{Originally Posted by}}\) @XioGonz
I can support my response I'd just like to know why you think it's C first.
\(\color{#0cbb34}{\text{End of Quote}}\)
She's typing chill.

Answer 18

\(\color{#0cbb34}{\text{Originally Posted by}}\) @MxxnLight
\(\color{#0cbb34}{\text{Originally Posted by}}\) @XioGonz
I can support my response I'd just like to know why you think it's C first.
\(\color{#0cbb34}{\text{End of Quote}}\)
She's typing chill.
\(\color{#0cbb34}{\text{End of Quote}}\)
I know lol

Answer 19

and A just means a late payment will result in a Late fee charged to you for next month

Answer 20

Yeah and the definition of Balance Transfer I just stated from Google :) So I say C.

Answer 21

We know that a credit card late payment fee is charged by a credit card issuer and it's cause the cardholder doesn't pay his debt at the minimum payment deadline.

Answer 22

that doesn't cause a balance-transfer fee to be applied

Answer 23

I know i didn’t help but, Is that all or is there something else...? ‘-‘

Answer 24

I suppose so xD