If a credit card balance is not paid in full within the grace period then the customer will receive a __________.
A.
finance charge
B.
lower credit limit
C.
lower interest rate
D.
higher credit limit

Please select the best answer from the choices provided

A
B
C
D

Question

If a credit card balance is not paid in full within the grace period then the customer will receive a __________.
A.
finance charge
B.
lower credit limit
C.
lower interest rate
D.
higher credit limit

Please select the best answer from the choices provided

A
B
C
D

minustempo · Answer

So if a customer doesn't pay what they should, that's a bad thing right? So that means there should be a consequence.

minustempo · Answer

Lower interest rate and higher credit limit are good things, not consequences

minustempo · Answer

A finance charge is the answer, it's the charge you pay for late fees, loan processing fees etc.